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The Economic Times
The Economic Times
Business
Anupam Nagar

Global Market: Japan's Nikkei falls 3% as oil surge, US rate hike fears weigh

United States Japan Oil Inflation US Federal Reserve

Japan's Nikkei share average fell more than 3% on Friday, hit by renewed concerns over a potential U.S. interest-rate hike and a surge in oil prices that intensified inflation worries.

The benchmark Nikkei 225 fell 3.11% to 63,243.98 in early trading, while the broader Topix declined 1.95% to 3,975.67.

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