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The Nikkei was down 6.2% at 52,166.92 shortly after trading began early Monday. South Korea’s Kospi sank 6.3% and shares in Australia and New Zealand fell more than 3%.
The price for a barrel of Brent crude, was at $107.97 shortly after trading resumed Sunday on the Chicago Mercantile Exchange. That’s 16.5% higher than the international benchmark’s Friday closing price of $92.69.
Crude prices are at their highest level in more than three and a half years. Supply concerns have driven crude and gasoline higher as the war ensnares major oil-producing countries and hinders exports from the Persian Gulf.
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https://economictimes.indiatimes.com/markets/us-stocks/news/global-market-japans-nikkei-225-share-index-falls-more-than-6-as-oil-soars-over-100-a-barrel/articleshow/129303639.cms
