The Nikkei Stock Average extended its decline in Tokyo trading on the 3rd, closing ¥111 lower. The prevailing view was that surging oil prices and inflation concerns had heightened caution over a global economic slowdown.
The Nikkei Stock Average extended its decline in Tokyo trading on the 3rd. It closed ¥111 lower than the previous day, with weakness spreading across the broader market.
Meanwhile, rising long-term interest rates were also reported to have affected market sentiment. Surging oil prices and inflation concerns heightened caution, and concerns over a global economic slowdown continued to intensify.