ABC News (US)
· collected 2026-09-11 · by CHAN HO-HIM AP business writer
Asian shares declined on Friday, tracking Wall Street losses, with Japan's Nikkei 225 dropping 2.8% and South Korea's Kospi losing 2.3%. Oil prices continued to rise, reaching a high of $108.59 per barrel for Brent crude, up from around $72 in late February. The US producer price index report showed a 5.4% year-on-year increase in August, accelerating from July's 4.8%. Market volatility is also being fueled by higher energy prices and inflationary pressures, with the yield on the 10-year Treasury rising to 4.96% early Friday.
Written by the local model on 2026-09-11,
using this article's own text rather than the other coverage of the
same event (that is the story summary below).
Story summary
Oil prices have remained above $108 per barrel, with Brent crude trading at its highest since May. This comes as Asian shares declined on Friday, tracking losses on Wall Street. The decline in shares was significant, with Japan's Nikkei 225 dropping 2.8% to 63,442.30 and South Korea's Kospi losing 2.3% to 6,872.39. Meanwhile, oil prices continued to gain early Friday as tensions between the US and Iran intensified, with Brent crude up by 0.9% at $108.59 per barrel, a level not seen since late February before the start of the war. Overall, the market is showing signs of uncertainty and volatility, with investors reacting to global events such as the ongoing conflict in the Middle East.
Written for “Global Financial Market Volatility” on 2026-09-12,
grounded in this article and the 0 other(s) covering the same event.
Why this leaning score
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No political leaning scored for article 7784 · logged 2026-09-11
Oil prices stay above $108 and Asian shares decline, tracking Wall Street losses
asserted
shares → stay → losses
Asian shares are declining while tracking Wall Street losses
HONG KONG --
asserted
shares → decline → losses
Asian shares declined Friday tracking Wall Street losses, while oil prices gained with Brent crude trading above $108 a barrel in its highest since May.
uncertain
crude → decline → May
U.S. futures edged higher.
asserted
futures → edge → ?
Japan’s Nikkei 225 dropped 2.8% to 63,442.30.
asserted
Nikkei → drop → 63,442.30
Shares of multinational investment holding firm SoftBank Group, an investor of OpenAI, fell 4.1%.
asserted
Shares → hold → OpenAI
South Korea’s Kospi lost 2.3% to 6,872.39.
asserted
Kospi → lose → 6,872.39
Samsung Electronics slid 3.9%, while memory chipmaker SK Hynix declined 3.6%.
asserted
Hynix → slide → ?
Hong Kong’s Hang Seng dipped 0.8% to 24,753.54.
asserted
Seng → dip → 24,753.54
Shares of Chinese AI chipmaker Enflame surged around 180% in its trading debut in Shanghai.
asserted
Shares → surge → Shanghai
Taiwan’s Taiex lost 1.7%, while India’s Sensex declined 1%.
asserted
Sensex → lose → %
Oil prices continued to gain early Friday as tensions between the U.S. and Iran intensified.
asserted
tensions → continue → U.S.
Oil flowing through the Strait of Hormuz, a narrow waterway critical for global oil transport, remained “well below pre-war levels,” wrote ING commodities strategists Warren Patterson and Ewa Manthey in a commentary Friday.
asserted
strategists → flow → commentary
That’s “underscoring how fragile the situation has become,” they said.
asserted
they → underscore → ?
On Thursday, Wall Street’s benchmark S&P 500 dropped 0.6% in its fourth straight loss.
asserted
S&P → drop → loss
The Dow Jones Industrial Average lost 0.6%, and the technology-heavy Nasdaq composite fell 0.7%.
asserted
composite → lose → %
Investors are also monitoring the U.S.’s consumer price index data for August set to be released Friday ahead of the Federal Reserve’s meeting next week.
asserted
Investors → monitor → meeting
Also on Thursday, the U.S. producer price index report for August was up 5.4% year-on-year, accelerating from July’s 4.8%.
asserted
report → accelerate → %
The bond market has been volatile with U.S. Treasury yields well above pre-war levels, fueled by higher energy prices and inflationary pressures as well as rising U.S. government debt.
asserted
market → fuel → prices
The yield on the 10-year Treasury rose to 4.96% early Friday from 4.83% on Wednesday.
asserted
yield → rise → Wednesday
In other dealings, the U.S. dollar fell to 154.35 Japanese yen from 154.42 yen.
asserted
dollar → fall → yen
The euro was trading at $1.1605, down from $1.1612.
asserted
euro → trade → 1.1612
_
AP Business Writers Stan Choe and Anne D’Innocenzio contributed to this report.
asserted
Choe → contribute → report
