Tokyo trading at the start of the week saw the Nikkei Stock Average fall as expectations spread that crude oil futures prices would continue to rise. The morning closing level was sharply lower than the previous day's close.
At the start of the week, expectations spread that selling pressure would intensify in Tokyo trading against a backdrop of rising crude oil prices. This extended a bearish tone across the stock market, with declines in major stocks particularly pronounced.
The Nikkei Stock Average was down 512.73 points from the 11th at the morning close. Movements in oil prices and reactions to geopolitical risks are believed to have affected investor sentiment.