TOKYO– Tokyo stocks plunged this morning, with the benchmark Nikkei stock index diving over three percent, amid fears over surging fuel costs, as some global powers reportedly consider a ban on Russian fuel imports.
The 225-issue Nikkei Stock Average dropped 819.24 points, or 3.15 percent, from Friday, to 25,166.23, and once fell to as low as 25,006.26, marking its lowest intraday level since Nov 10, 2020.
The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, fell 53.16 points, or 2.88 percent, to 1,791.78.
Air transportation, transportation equipment and machinery-linked issues, comprised those that declined the most by the morning break.
Source: NAM NEWS NETWORK