Breaking News!! Tokyo Stock Exchange Index Falls Nearly 3% After Failure of Doha Deal: Sputnik News Maybe this is the beginning of Black Monday?
The index of the Nikkei 225 Tokyo Stock Exchange fell nearly 3% in the early trades on Monday amid the failure of the Doha negotiations to freeze oil production, according to the Kyodo Japanese agency.
Immediately after the opening of trade the index fell even a little lower at 3.04%, or down to 16,336.13 points.
The strengthen yen positions hit the oil exporters.
On Sunday, the participants of the meeting in the Qatari capital failed to reach an agreement on freezing the oil output in a bid to stabilize global crude prices.
According to the CNBC news outlet, the lack of a deal on Sunday also sent the commodity's prices tumbling in early trading hours on the New York Mercantile Exchange (NYMEX).