After the oil price dropped, the Nikkei index may rise.

Following the overnight drop in oil prices, the Japanese stock market may rise. In recent trading days, the stock market has plummeted significantly due to concerns about soaring energy prices. Nikkei index futures on the Singapore Exchange rose by 1.0% to 54,105 points. Investors are closely watching any developments in the Middle East and supply issues related to petrochemical products. On Monday, the Nikkei index fell by 0.1% to 53,751.15 points.