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















