News On Japan

Nikkei Falls More Than 2,000 Points in Friday Morning Session

TOKYO - Tokyo stocks fell sharply on September 11, with the Nikkei average at one point dropping more than 2,000 points as escalating attacks between the United States and Iran drove oil prices higher and intensified concerns about inflation and corporate earnings.

Sell orders spread across a broad range of stocks from the start of trading as investors grew increasingly concerned that turmoil in the Middle East could be prolonged.

International crude oil futures climbed above 104 dollars a barrel at one point as the exchange of attacks between the United States and Iran continued.

The rise in oil prices heightened concerns about the impact of higher energy costs on corporate earnings and renewed fears of stronger inflation, prompting heavy selling in the Tokyo market immediately after trading began.

Source: TBS

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Tokyo stocks fell sharply on September 11, with the Nikkei 225 closing at 63,442, down 2.8%, as oil prices above $108, renewed Middle East tensions, U.S. rate-hike fears and expectations for another Bank of Japan increase triggered a broad selloff led by artificial intelligence and semiconductor-related shares.

Japan's corporate goods prices rose 7.6% in August from a year earlier, remaining above 7% for a third consecutive month as escalating tensions in the Middle East pushed up prices for petroleum, coal and chemical products.

Business sentiment among Japan's large companies returned to positive territory in the July-September quarter for the first time in two quarters, supported by growing demand for semiconductor manufacturing equipment and AI data centers as well as improving conditions in hospitality, restaurants and finance.

Tokyo stocks fell sharply on September 11, with the Nikkei average at one point dropping more than 2,000 points as escalating attacks between the United States and Iran drove oil prices higher and intensified concerns about inflation and corporate earnings.

Tada Shrine in Kawanishi, Hyogo Prefecture, has filed for protection under Japan's Civil Rehabilitation Act, becoming the first shrine in the Kansai region and only the third nationwide to enter bankruptcy proceedings, according to Teikoku Databank.

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Amazon has opened its third logistics facility in Amagasaki, Hyogo Prefecture, creating the company's largest distribution hub in the Kansai region with capacity to handle up to 1 million packages a day.