Futures and options positions are being liquidated, and new position construction is beginning.

Iran's Supreme Leader Ayatollah Ali Khamenei indicated on March12th that the blockade of the Hormuz Strait will continue, leading to higher crude prices and falling U.S. stocks.

For Japanese companies that rely heavily on imports of resources, particularly crude oil, this is a negative development for their performance. Therefore,13the Nikkei 225 futures for the March night session6month contract closed the previous day up by710yen to53,510yen.13is the ex-date for the Special Quotation (SQ) calculation for stock index futures and options for March.SQAfter calculation, existing futures and options positions are settled, and a new position-building cycle begins.