Tokyo Stocks (Opening): Sharp Decline as Higher Oil Prices and Lower NY Dow Trigger Selling

The story

Tokyo stocks fell sharply from the opening on the 11th, with the Nikkei average starting at ¥64,276, down ¥994 from the previous day.

In the U.S. market, the NY Dow fell $316 as higher oil prices and rising U.S. interest rates weighed on sentiment. Against this backdrop, the Tokyo market also opened lower, while the exchange rate remained at around ¥154.40 to the dollar.

At a glance

Nikkei levelOpened at ¥64,276, down ¥994 from the previous day

DeclineThe Nikkei average fell sharply at the open

DriversSelling on higher oil prices and a lower NY Dow

Foreign ExchangeTrading at around ¥154.40 to the dollar

Market TrendsThe Japanese market also fell, following declines in U.S. stocks

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