Surging energy prices hit Asian stock markets

Drop follows decline in U.S. stocks as inflationary fears gain traction

20211005 nikkei average

Tokyo shares fell sharply on Oct. 5 following a sell-off in the U.S. and concerns over rising energy prices. (Photo by Tetsuya Kitayama)

JADA NAGUMO and RURIKA IMAHASHI, Nikkei staff writers

TOKYO -- Surging energy prices are weighing on Asian equity markets as signs of inflationary pressure dampen global investors' appetite.

Japan's blue-chip Nikkei Stock Average dropped over 980 points, or 3.5%, at one point on Tuesday morning, before closing down 2% at its lowest point in over a month.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.