Japan's Nikkei 225 Drops Over 6% as Oil Prices Exceed $100

Financial outlets describe a whiplash pattern where a Middle East war scare drove oil above $110 per barrel, crashed Asian and emerging‑market stocks, and then briefly eased as crude slid back below $100. They stress that the renewed jump above $100 on 2026-03-11 has revived fears of a deeper global sell‑off, especially in energy‑importing countries like Japan and Pakistan. Many expect high day‑to‑day volatility to continue as traders react to war headlines and shifting views on how long supply risks will last.

• •Middle East war fears pushed Brent crude above $119 per barrel on 2026-03-09, triggering steep losses in Asian and global stock markets.
• •The Nikkei 225 and Kospi each fell more than 6% when oil topped $110 per barrel, reflecting worries about higher import costs and weaker profits.
• •Pakistan’s KSE‑100 index experienced a historic points drop and trading halt as investors dumped shares during the oil spike.
• •A sharp pullback in crude prices on 2026-03-10 helped global stock index futures and major benchmarks rebound, including in Japan and Europe.
• •The renewed rise in oil above $100 per barrel on 2026-03-11 is seen as a fresh test for the recent stock market recovery.