tokyo japans nikkei index fell on monday by its most in nearly three weeks dragged down by technology stocks on investor concerns over escalating tensions surrounding ukraine and broadening inflationary risks the nikkei share average lost 223 to close at 2707959 posting its biggest daily percentage drop since jan 27 and touching below the 27000 level for the first time since jan 31 the broader topix lost 163 to 193065 because the market was closed in japan on friday todays market was hit by two separate negative news that happened last week tensions surrounding ukraine and russia and the sharp rise in us consumer prices said shuji hosoi a senior strategist at daiwa securities advt if the ukraine situation gets worse the market could fall further wall street ended sharply lower on friday for the second straight session as investors fretted about deepening tensions between russia and the west over ukraine us inflation and prospects of aggressive interest rate hikes by the federal reserve data from the labor department showed us consumer prices last month surged 75 yearoveryear topping economists estimates of 73 and marking the biggest annual increase in inflation in 40 years in japan market heavyweights fell with uniqlo clothing shop owner fast retailing losing 309 technology investor softbank group slipping 392 while airconditioner maker daikin industries dropped 41 tyre maker bridgestone tumbled 892 and was the worst performer in the nikkei followed by online medical platform m3 which fell 708 oil explorers was the top gainer among the exchanges 33 industry subindexes with a 624 jump inpex rose 656 and japan petroleum exploration gained 692 oil prices hit their highest in more than seven years on fears that a possible invasion of ukraine by russia could trigger us and european sanctions that would disrupt exports from the worlds top producer in an already tight market reuters published on feb 14 2022 at 0348 pm ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etretail app get realtime updates save your favourite articles scan to download app nikkei japan ukraine nikkei index technology stocks fast retailing uniqlo us inflation homenewsindustryjapans nikkei loses most in 3 weeks on ukraine us inflation risks