Tokyo, March 30 (Jiji Press)–Tokyo stocks tumbled Monday amid rising crude oil prices reflecting concerns over a prolonged conflict between the U.S.-Israeli side and Iran. The benchmark Nikkei 225 average plunged 1,487.22 points, or 2.78 pct, from Friday to close at 51,885.85, losing ground for the third straight market day. The broader TOPIX index fell 107.35 points, or 2.94 pct, to 3,542.34. Fears that the conflict in the Middle East will last a long time flared again following media reports that the United States is considering ground operations in Iran. This pushed key U.S. crude oil futures prices above 100 dollars per barrel again on the New York Mercantile Exchange on Friday, contributing to the Tokyo stock market’s decline at the start of this week. END [Copyright The Jiji Press, Ltd.]
Tokyo Stocks Plunge on Middle East Woes
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