Nikkei index drops 1%, falls below 60,000 points, dragged down by metals and electronics stocks

Glonghui May 20th ｜ Amid ongoing Middle East conflicts and persistent concerns about rising energy and material costs, the Japanese stock market opened lower. Metal, electronics, and technology stocks led the declines. JX Advanced Metals fell by 2.5%, International Electric dropped by 6.5%, and SoftBank Group decreased by 5.8%. The Nikkei Index dropped 1% to 59,923.58. The TOPIX Index fell 1% to 3,812.05.