Dropped 1,500 Points from the Previous Session’s Closing Price
The Nikkei 225, Japan's leading stock market index, plummeted immediately after the market opened on March 2 due to the aftereffects of large-scale airstrikes on Iran by the United States and Israel.
On the 2nd, men are passing in front of the Nikkei index display board in Tokyo. Photo by Yonhap News.
Around 9:30 a.m. on the same day, the Nikkei index fell more than 1,500 points from the previous trading session’s closing price, recording 57,285. The maximum decline rate was approximately 2.7%. Nikkei reported that "investors' risk aversion intensified due to the attacks by the United States and Israel on Iran, and the resulting surge in crude oil prices."
The yen-dollar exchange rate also climbed due to the weakening of the yen. At around 9:07 a.m., the yen-dollar rate rose to the 156.7 yen range, compared to the previous session’s closing rate of 156.08 yen. Nikkei analyzed that the value of the yen is falling as investors are buying dollars in preparation for emergencies.
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