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The Economic Times
The Economic Times
Business
Anupam Nagar

Global Market: Japan Nikkei falls as oil tops $100, BOJ rate hike bets rise

Japan’s Nikkei share average fell on Thursday as global markets came under pressure from oil prices rising above $100 a barrel amid an escalation in the Middle East conflict, while growing expectations of a faster pace of monetary tightening by the Bank of Japan also weighed on sentiment, Reuters reported.

The Nikkei declined 0.8% to 64,597.46 by the end of the morning session, while the broader Topix index fell 0.3% to 4,032.89.

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