Tokyo Stock Market Today: Nikkei Tumbles 5% as Oil Shock Triggers Third-Biggest Point Drop

Tokyo shares tumbled Monday. The Nikkei dropped 2,892.12 points, a 5.2% slide to 52,728.72—marking its third-heaviest point loss on record, triggered by a flight from risk as oil prices surged. The Topix also slid, losing 3.8% and closing at 3,575.84.