The Nikkei 225 hit a one-month low in Tokyo trading on the 11th, closing at ¥64,011.34, down ¥1,259.61 from the previous day. Selling widened across the market amid worsening conditions in the Middle East and higher oil prices.
The Nikkei 225 fell sharply in Tokyo trading on the 11th, closing at ¥64,011.34, down ¥1,259.61 from the previous day, its lowest level in about one month. The decline was attributed to rising US crude oil futures prices following the deterioration of conditions in the Middle East, as well as concerns about an economic slowdown. The decline temporarily exceeded ¥2,000.
The Tokyo Stock Exchange Price Index (TOPIX) fell 26.28 points to 4,028.30, while trading volume was 2.37251 billion shares. As fighting between the United States and Iran intensified, concerns spread that disruptions to maritime transport would persist, while higher crude oil futures prices and inflation concerns weighed on the broader equity market.
Rising long-term interest rates and the previous day's decline in US stocks also weighed on the market. Large-cap technology stocks, including Advantest, a major semiconductor testing equipment manufacturer, and SoftBank Group, which invests in AI-related companies, fell sharply and dragged down the market.