Nikkei Drops Nearly 4% as Japan Stocks Lose 3,000 Points

Japan’s Nikkei fell nearly 4%, losing more than 3,000 points as Japan’s stock market lost just shy of $300 billion. The drop could be linked to re-escalated Middle East military operations after Iran launched several missiles toward Israel. Crude oil prices surged, and traders are also pricing increased chances of a Bank of Japan rate hike. South Korea’s KOSPI halted for nearly 20 minutes after an 8.4% crash triggered a circuit breaker.
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