Overseas Trading: Japan Stocks Crushed By Crude, Quakes

Japan's Nikkei logged the worst performance in Asia, amid a strengthening yen and fallout from aftershocks

Apr 18, 2016 at 8:49 AM
facebook X logo linkedin


Asian stocks got slammed by plunging crude futures, after a meeting of global oil producers -- minus Iran -- in Doha, Qatar, ended without an agreement to freeze oil production. In Japan, the Nikkei slumped 3.4%, as the yen hovered near an 18-month high against the U.S. dollar and aftershocks from Thursday's earthquake prompted companies such as Toyota to curb production. China's Shanghai Composite, meanwhile, gave back 1.4%. Elsewhere, Hong Kong's Hang Seng retreated 0.7%, while South Korea's Kospi lost 0.3%.

Declining oil prices are weighing on European markets at midday. Additionally, chipmakers are trading lower, amid reports that Apple Inc. (NASDAQ:AAPL) could continue to reduce iPhone production due to slumping sales. At last check, the French CAC 40 is off 0.4%, while the German DAX and London's FTSE 100 are flirting with 0.3% drops.

Overseas Trading April 18

Sign up now for Schaeffer's Market Recap to get all the day's big stock movers, must-know technical  levels, and top economic stories straight to your inbox.

 

*SPONSORED CONTENT*

How to collect 1 dividend check every day for LIFE

Did you know you could collect 1 dividend check every day the market is open? You could also do it starting with just $605! For me, I'm collecting 70 dividend checks every quarter…which averages around 1.1 dividend checks every business day. There's no trading behind this... no penny stocks or high-risk investments. All you do is buy and hold and you're set. There's no set up required either. If you start buying the dividend stocks I show you today... you could collect 1 dividend per day starting as early as this week. Click here for all the details.

*SPONSORED CONTENT*