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The Economic Times
The Economic Times

Global markets: Japan's Nikkei slumps, yen trades above 160 level on tech, Gulf concerns

Japan's Nikkei share average sank by the most in three months while the yen traded above 160 per dollar on Monday on renewed concerns about technology valuations and a flare-up in Middle East hostilities.

The benchmark Nikkei 225 Index dropped 3.85% ‌to close at ⁠64,024.60, ⁠marking its sharpest one-day slide since March 9. The broader Topix slid 2.45% to 3,852.38.

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