Global Market: Japan's Nikkei closes lower as oil price jump dims corporate outlook

Japan's Nikkei fell 1.92 percent to 67,242.73 and the broader Topix lost 0.71 percent, dragged lower by chip-related stocks and concerns over rising oil prices amid renewed US-Iran military tensions. South Korea's KOSPI tumbled sharply enough to trigger circuit breakers, with SK Hynix plunging over 15 percent after profit booking post its US listing debut. Broader Asian markets weakened on the back of oil jumping more than 4 percent and AI-linked stock corrections, which is likely to weigh on Indian market sentiment at open.