The Nikkei 225 fell by about ¥1,000 in morning trading, dropping to ¥63,495 at the market open. The rise in crude oil prices also affected markets, with all three major US stock indexes declining.
The Nikkei 225 fell sharply from around the previous day's closing level on the morning of 11 September, opening about ¥1,000 lower. It is currently trading at ¥63,495, marking the first time in a week that it has fallen below ¥64,000.
Crude oil futures continued to rise amid concerns that high oil prices will persist, surpassing $100 a barrel for the first time in three and a half months. Against this backdrop, WTI prices have remained elevated, and the decline in all three major US stock indexes has spread to the Japanese market.
Reports carried by ANN have cited the rise in crude oil prices and the resulting movements in global markets as factors behind the decline in Japanese stocks. Attention is focused on crude oil trends and economic indicators from the US and China, which could influence future market movements.