empty
 
 

19.03.202600:16:55UTC+00Japanese Shares Drop as Oil Prices Surge

The Nikkei 225 Index fell 2.5% to below 54,000, while the broader Topix Index declined 1.5% to 3,660 on Thursday, erasing gains from the previous session. The drop came as oil prices climbed again following attacks on energy facilities in the Middle East, intensifying inflation concerns. Japan is particularly vulnerable to oil supply shocks because of its heavy reliance on crude imports from the region.

Japanese equities also tracked a sharp selloff on Wall Street overnight, driven by stronger-than-expected US PPI data and higher inflation projections from the Federal Reserve, which reduced expectations for interest rate cuts. Meanwhile, the Bank of Japan is widely expected to keep its policy rate unchanged today, but may signal a more hawkish stance as the weak yen and elevated oil prices increase upside risks to inflation.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback