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Nikkei Closes at ¥53,372 After 1,867-Point Drop on Middle East Risk

Rising oil prices tied to reported IsraelIran tensions spurred broad selling.

Overview

  • The Nikkei 225 fell ¥1,866.87 to finish at ¥53,372.53, slipping below the ¥54,000 threshold.
  • TOPIX declined 108.01 points to 3,609.40, signaling a broad-based retreat across the Tokyo market.
  • Turnover reached 3,129.32 million shares, pointing to heavy activity during the selloff.
  • Market participants cited reports of an Israeli strike on southern Iranian gas facilities and an Iranian warning of retaliation, which have not been independently confirmed in this coverage.
  • Oil futures advanced on supply-risk fears, stoking concerns about inflation and slower growth; later in the day, U.S. stocks also fell as elevated crude weakened expectations for additional Fed rate cuts.