Nikkei falls 200 points but holds 66,000 as rates, Middle East risks weigh

The Nikkei Stock Average fell 200.43 points, or 0.30%, to close at 66,016.36 on the Tokyo Stock Exchange on the 21st, after dropping as much as 789.10 points to 65,427.69 shortly after the open. Fast Retailing was the largest drag, cutting approximately 222 points, while Advantest added about 130 points. The index recovered above 66,000 as semiconductor, mining, oil and coal product, and shipping shares attracted buying, but remained under pressure from higher crude oil prices, renewed gains in long-term interest rates in Japan and the United States, Middle East risks, weaker U.S. equities and caution ahead of Nvidia's May–July quarter earnings report scheduled for the 26th of next week.

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