The Nikkei Stock Average temporarily fell by more than ¥2,000 in Tokyo trading, with selling spreading as higher crude oil prices dampened investor sentiment and the index fell below the ¥63,000 level.
The Nikkei Stock Average temporarily fell by more than ¥2,000 from the previous day's close in Tokyo trading on the 11th, prompting selling to spread. According to Jiji Press, which is based in Minato, Tokyo, higher crude oil prices dampened investor sentiment.
The market decline was attributed to rising crude oil prices, which intensified investors' moves to avoid risk. The Nikkei temporarily fell below the ¥63,000 level.
The article was reported by Jiji Press's news website.