Nikkei 225 Plunges 1,811 Points Amid Escalating Middle East Tensions
The Nikkei 225 plummeted on July 24 due to escalating Middle East tensions and a surge in crude oil prices.
Japan's benchmark stock index fell by 1,811.45 points, or 2.7%, to close at 64,611.15, marking one of the steepest single-day declines this year.
The sell-off was triggered by concerns over rising corporate costs and compressed earnings due to higher oil prices.
Long-term interest rates in Japan and the U.S. also rose, further weighing on equities.