In the morning session of Tokyo trading, the Nikkei Average fell more than 2,100 points at one point, dropping below ¥66,000. Selling prevailed amid concerns that turmoil in the Middle East could persist and remarks by President Trump, while concerns intensified over an economic slowdown caused by higher oil prices and accelerating inflation.
In the morning session of Tokyo trading, the Nikkei Average extended its decline, falling more than 2,100 points at one point. The morning close was ¥65,724.25, down ¥1,736.48 from the previous close, while the TOPIX fell to 4,027.35.
Concerns intensified over persistently high oil prices and an economic slowdown caused by accelerating inflation after U.S. President Trump said that talks with Iran were not currently taking place, amid views that negotiations toward an end to the fighting had stalled.
Against a backdrop of concerns that turmoil in the Middle East could persist, selling orders prevailed in the market.
The market continues to closely monitor developments in the Middle East and energy prices.