Following the decline in U.S. equities, the Nikkei fell sharply to a morning close of exactly ¥65,307, down ¥570.62. Concern about inflation stemming from higher crude oil prices pushed up long-term U.S. interest rates, and a broad range of stocks were sold in the Tokyo market as well.
The morning close of the Nikkei Stock Average (225 issues) on 29th in the Tokyo Stock Exchange market was ¥65,307, down ¥570.62 from the previous close. In the U.S. market, concern about inflation intensified against the backdrop of higher crude oil prices, pushing up long-term U.S. interest rates. The Tokyo market followed the same trend, and a broad range of stocks were sold.