The Nikkei Average plunged, closing at ¥60,401.34, down approximately 1.93% from the previous day. Rising interest rates in Japan and the United States and higher crude oil futures weighed on investor sentiment.
The Nikkei Average ended sharply lower in the Tokyo market, closing at ¥60,401.34, down approximately 1.93% from the previous day. Selling intensified toward the close, pushing the index lower.
Rising interest rates in Japan and the United States were cited as a key concern, while reports suggested that higher crude oil futures also strengthened investors’ risk-averse stance.