Japan and South Korea Stocks Tumble! Nikkei 225 Drops Below 53,000; Csop Nikkei 225 Index Etf (03153.HK) Slides Over 1.5%

NewTimeSpace News:April 2: Japanese and South Korean equities tumbled in early trading, with the Nikkei 225 giving back its morning gains. The Nikkei 225 breached 53,000 to the downside, last trading at 52,998.7, down 1.38% intraday. Csop Nikkei 225 Index Etf (03153.HK) slid more than 1.5%.

HKEX data shows that Csop Nikkei 225 Index Etf (03153.HK) tracks the Nikkei 225 Index. The benchmark is Japan's most representative stock market indicator, compiled by Nikkei Inc., comprising 225 highly liquid, large-cap stocks with the strongest sector representation among domestic common shares in Japan.

On the news front, Russian Deputy Foreign Minister Andrey Rudenko stated on March 31 that the Japanese government's price cap on Russian oil violates market principles and disrupts supply chains. Russia will not supply oil to countries imposing price caps on Russian crude and petroleum products, including Japan. The remarks referenced the G7 finance ministers' agreement reached in September 2022 to set a price ceiling on Russian oil exports.

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