Japanese stocks plunged on the morning of the 2nd, with the Nikkei 225 briefly falling nearly ¥2,000. Concerns over a sharp rise in crude oil prices and higher interest rates weighed on the market.
Japanese stocks plunged on the morning of the 2nd, with the Nikkei 225 briefly falling nearly ¥2,000. According to Bloomberg, crude oil prices surged amid worsening tensions in the Middle East, heightening concerns over rising interest rates in Japan and overseas.
The concerns triggered broad-based selling across the market, at one point sending stocks lower by a wider margin.