India, Sept. 2 -- Japan's Nikkei Stock Average came under heavy selling pressure on Wednesday, extending its losses for a third straight session. The index opened at 65,195.43, down 1,019.91 points from the previous close, before its decline widened. By 9:05 am, the Nikkei had fallen around 1,470 points, briefly slipping below 65,000 as investors reacted to renewed geopolitical and market concerns.

Why Is Nikkei Falling Today?

Investor sentiment was hit by a combination of weaker US equities, rising crude oil prices and increasing Japanese long-term interest rates. The latest jump in oil prices followed the US strike on Iran, raising concerns that the conflict could intensify inflationary pressures and affect global monetary policy. Hig...