On the morning of 11 September, the Nikkei 225 opened down about ¥1,000 amid reports that crude oil futures had risen above $100 a barrel. It is currently trading around ¥63,495.
The Nikkei 225 fell sharply on the morning of 11 September after crude oil futures prices rose above $100 a barrel. The index was trading around ¥63,495 at the start of trading.
The Nikkei 225 has fallen below ¥64,000 for the first time in a week. The market is weakening against the backdrop of higher crude oil prices.
In the crude oil market, WTI futures prices rose above $100, apparently reflecting growing concern that fighting between the United States and Iran could be prolonged. Major US stock indexes fell in response, with the effects spreading to the Japanese market.
Against this backdrop, uncertainty has spread across domestic and overseas equity markets amid continued higher crude oil prices and geopolitical risks.