Nikkei 225 falls 1% as oil, yields and stronger yen weigh

  • The Nikkei 225 extended its decline for a third session, briefly falling 956.10 points to 64,186.68 before the morning session ended at 64,597.46, down 545.32 points.
  • Brent crude jumped 3.4% above $100 a barrel as U.S.-Iran attacks disrupted Strait of Hormuz traffic, while higher Treasury yields and a stronger yen added pressure.
  • Asian markets broadly declined as investors awaited U.S. August Producer Price Index data, the September 11 major SQ calculation and central-bank meetings.

Asian shares declined after Wall Street fell as Brent crude remained above $100 a barrel amid U.S.-Iran attacks that disrupted flows through the Strait of Hormuz. Tokyo's Nikkei 225 briefly lost 956.10 points to 64,186.68 before the morning session ended at 64,597.46, down 545.32 points, or about 0.8%, while later readings showed the index finishing below 64,600. Higher Treasury yields, yen appreciation, weaker U.S. equities and inflation concerns pressured markets ahead of U.S. August wholesale-price data, the September 11 major SQ calculation and Japanese and U.S. central-bank meetings.

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