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The Economic Times
The Economic Times
Business
Anupam Nagar

Global Market: Japan’s Nikkei falls 2% as tech selloff, rising oil prices fuel inflation fears

Inflation Oil Japan Kazuo Ueda Stock Market Bank of Japan Interest Rates Monetary Policy United States Semiconductor

Japan’s Nikkei share average tumbled on Monday as a selloff in US technology stocks and rising oil prices heightened concerns about inflation and the prospect of higher interest rates, according to a report by Reuters.

The benchmark Nikkei 225 fell 2.05% to 63,984.45 in early trading, while the broader Topix index declined 1.22% to 4,016.34.

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