HomeLatestTokyo shares dive amid uncertainty over Middle East scenario

Tokyo shares dive amid uncertainty over Middle East scenario

TOKYO, Oct. 16 (Xinhua) — Tokyo shares plunged Monday, with promoting fueled by uncertainty over the world economic system amid the escalating geopolitical dangers within the Middle East.

Japan’s benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended down 656.96 factors, or 2.03 p.c, from Friday to shut the day at 31,659.03.

The broader Topix index, in the meantime, completed 35.21 factors, or 1.53 p.c, decrease at 2,273.54.

The Nikkei benchmark briefly misplaced over 700 factors, reflecting investor strikes to avert dangers amid rising uncertainty concerning the world economic system after the Israel-Hamas battle intensified over the weekend, market watchers right here mentioned.

Selling was additionally spurred within the afternoon by losses in different Asian markets.

Stocks have been bought virtually throughout the board amid heightening uncertainties, analysts mentioned.

On the top-tier Prime Market, decliners have been led by air transportation, land transportation and repair points.

ANA Holdings, the dad or mum firm of All Nippon Airways Co., slipped 69.5 yen, or 2.3 p.c, to 2,941.5 yen, whereas Japan Airlines dropped 83.5 yen, or 3.0 p.c, to 2,694.5 yen.