Tokyo, June 8 (Jiji Press)–Japan’s benchmark Nikkei 225 stock average briefly gave up over 3,100 points on Monday morning, reflecting a drop in the U.S. market late last week. At 10:31 a.m., the index of 225 selected issues listed on the Tokyo Stock Exchange’s top-tier Prime section was down 3,181.46 points, or 4.78 pct, from the previous trading day at 63,406.66. A wide range of issues came under selling pressure from the outset, reflecting declines in major U.S. stock indexes on Friday amid heightened speculation over a possible interest rate hike in the United States. Artificial intelligence-related issues, in particular, bore the brunt of selling on the Tokyo market following declines in U.S. technology stocks. An official at a major securities firm said that market sentiment was further hurt by “rising crude oil futures amid growing uncertainties over the situation in the Middle East, with Israel continuing its military operations against Hezbollah.” END [Copyright The Jiji Press, Ltd.]
Nikkei Briefly Sheds over 3,100 Points in Morning
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