Tokyo Stock Market Today: Nikkei Tumbles 5% as Oil Shock Triggers Third-Biggest Point Drop
Tokyo’s Nikkei plunged 5.2% on Monday, closing 2,892.12 points lower at 52,728.72 after oil prices surged on escalating conflict involving Iran. The Topix dropped 3.8%. The yen weakened past 158.60 to the dollar and 10-year JGB yields hit 2.210% as investors sold off stocks, bonds, and currency. Prime Minister Takaichi said the government may act to offset rising fuel costs.
