The Nikkei Average fell sharply, down approximately ¥1,000 from the open after crude oil futures exceeded $100 per barrel. Stock prices were also reported to have fallen by more than ¥1,500 at one point, dropping below ¥64,000.
The Nikkei Average fell sharply, down approximately ¥1,000 at the open, after crude oil futures prices exceeded $100 per barrel for the first time in three and a half months. The news report focuses on this market move.
The Nikkei Average continued to fall under the impact of higher crude oil prices, and was reportedly down more than ¥1,500 at one point, falling below ¥64,000.