Tokyo stocks drop sharply in morning amid Mideast conflict
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Tokyo stocks fell sharply in the morning, reflecting investor moves to avert risks amid growing uncertainty about the global economy after the Israel-Hamas conflict intensified over the weekend.
The 225-issue Nikkei Stock Average dropped 529.21 points, or 1.64 percent, from Friday to 31,786.78. The broader Topix index was down 29.46 points, or 1.28 percent, at 2,279.29.
On the top-tier Prime Market, decliners were led by air transportation, machinery and land transportation issues.
