Nikkei Falls More Than 2,000 Points in Friday Morning Session
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. (News On Japan)
Tokyo stocks saw a significant drop on September 11, with the Nikkei average plummeting over 2,000 points. This steep decline came as tensions between the United States and Iran escalated, sending oil prices soaring and sparking worries about inflation and corporate earnings. Sell-offs were witnessed across a wide spectrum of stocks from the outset of trading, as investors grew increasingly uneasy about the potential for prolonged Middle Eastern turmoil.
The exchange of attacks between the United States and Iran led to international crude oil futures surging above 104 dollars a barrel at one point. Heightened concerns over higher energy costs and the threat of increased inflation prompted heavy selling in the Tokyo market right after it opened.
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