Japanese Shares Drop for Third Session
2026-09-10 00:39
By
Jam Kaimo Samonte
1 min. read
The Nikkei 225 Index declined 1% to below 64,600, while the broader Topix Index fell 0.65% to 4,020 on Thursday, extending losses for a third consecutive session as elevated oil prices fueled inflation concerns and increased expectations for near-term interest rate hikes.
Japanese shares also followed overnight declines on Wall Street as US Treasury yields surged after the Treasury Department announced plans to buy back up to $6 billion in longer-term debt, disappointing some investors who had anticipated a more substantial increase.
Meanwhile, investors continued to track the yen after the currency strengthened to a near seven-month high.
Notable declines were recorded among technology and consumer stocks, including Fujikura (-4.4%), Ibiden Co (-3.1%), Furukawa Electric (-4.9%), Nintendo (-3.8%) and Fast Retailing (-1.5%).