Japan’s Nikkei Ends Tuesday Lower Amid Middle East Tensions
The 225-issue Nikkei Stock Average closed at 56,279.05 — a steep drop of 1,778.19 points, or 3.06 percent, from Monday's close.
The broader Topix index mirrored those losses, sliding 126.25 points, or 3.24 percent, to finish at 3,772.17.
Across trading floors, investors aggressively offloaded equities as uncertainty over a resolution to the ongoing conflict deepened, compounded by the effective closure of the Strait of Hormuz — a critical artery for global oil flows. Analysts pointed to mounting anxiety over the broader economic fallout of rapidly climbing crude prices as a key driver behind the sell-off.
The dual shock of geopolitical instability and energy market disruption proved too much for bulls to absorb, sending both headline indices to some of their steepest single-session losses in recent months.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
