The Nikkei Stock Average fell sharply in trading on the 11th, closing at ¥60,011.34, down ¥1,259.61 from the previous day and near its lowest level in about a month. Selling intensified as investors grew concerned about an economic slowdown following a rise in U.S. crude oil futures prices against the backdrop of higher oil prices.
The Nikkei Stock Average fell sharply on the Tokyo stock market on the 11th. It closed at ¥60,011.34, down ¥1,259.61 from the previous day, marking its lowest level in about a month.
The decline temporarily exceeded ¥2,000. As market sentiment deteriorated, investors grew more concerned about an economic slowdown.
The decline was attributed in part to risk aversion stemming from the worsening situation in the Middle East, while some analysts said the rise in U.S. crude oil futures prices prompted selling.