Nikkei 225 Briefly Falls Below 27,000

Nikkei 225 briefly falls below 27,000

Tokyo's benchmark stock index endured a rough day Tuesday, falling briefly below the 27,000-mark for the first time in about 5 months. Investors are worried that a Russian invasion of Ukraine would send energy prices even higher and hurt the global economy.

The Nikkei Average ended the day at 27,131, down 457 points or nearly 1.7 percent from Monday's close. It lost almost 700 points at one stage as traders unloaded shares almost across the board.

Analysts say there's also caution about the US Federal Reserve's 2-day policy meeting that starts Tuesday, with investors worried the central bank may hike interest rates sooner than expected to tackle inflation.