Japanese stocks and bonds and the country¡¯s currency fell Monday on growing concern that an oil shock brought about by the attack on Iran could drive up inflation and slow economic growth.
The Nikkei 225 stock average ended the day down 5.2%, recovering from a 7.6% decline in the morning.
Oil prices spiked dramatically at the opening of trade Monday, with the price of Brent rising 30% to $119.46 a barrel, as the war in the Middle East continued and risks grew that global oil supply could be seriously disrupted.
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