stock market burza.jpg
Photograph: EPA/LESZEK SZYMANSKI

Japanese stocks fell 3 per cent Monday for the second straight trading day of fall as investor sentiment was hurt by a stronger yen, falling oil prices and growing concerns about the two major earthquakes that struck the southern island of Kyushu last week.

The benchmark Nikkei 225 Stock Average lost 572.08 points, or 3.4 per cent, to close at 16,275.95 after falling as much as 3.5 per cent.

The broader Topix index was down 41.25 points, or 3.03 per cent, at 1,320.15.

Oil prices fell sharply after top oil producers Sunday delayed an agreement in the Qatari capital Doha to freeze the crude output levels to shore up low prices.

Toyota Motor said Sunday it would halt the assembly of vehicles in stages in Japan because of parts shortages caused by the quakes that killed at least 42 people.

On currency markets at 3 pm (0600 GMT) Monday, the dollar traded at 107.97-98 yen, down sharply from Friday’s 5 pm quote of 109.29-31 yen.

The euro was quoted at 121.82-86 yen, down from 123.04-08 yen late Friday.

Related stories

Japanese stocks plunge on stronger yen

Japan slips back to deflation as markets slide

European shares fall sharply on oil price worries, China

Latest news

Reports: 12 injured as car runs into crowd at New Orleans parade

Twelve people were injured Saturday in the US city of New Orleans when a car struck a crowd watching a parade, local media reported.

"Moonlight" big winner at independent film awards

The coming-of-age drama "Moonlight" won six prizes including best feature at the 32nd Film Independent Spirit Awards Saturday, claiming the Hollywood spotlight on the eve of the Oscars.

Trump: I won't attend White House Correspondents' Association Dinner

US President Donald Trump said Saturday that he does not plan to attend the White House Correspondents' Association Dinner this year.

US Democratic Party chooses Tom Perez to be next party chief

The US Democratic Party elected former labour secretary Tom Perez as its next party chief at a meeting in Atlanta on Saturday.

73-year-old man dies after car ramming in Germany

A 73-year-old male pedestrian died from his injuries after being run over when a car rammed into people in the south-western town of Heidelberg, police said Saturday.

Syrian government vows retribution for Homs attacks that killed 42

The Syrian government vowed retribution for synchronized attacks on Saturday in Homs City that left 42 security personnel dead and reportedly involved up to six suicide bombers.

Between 250,000 and 300,000 Croatians suffer from rare diseases

Rare Disease Day, observed on February 28, was marked in Zagreb's Cvjetni Trg Square on Saturday.

German police shoot man who rammed car into pedestrians in Heidelberg

Police in Germany shot a man who rammed a car into pedestrians in the south-western town of Heidelberg on Saturday.

Egypt's al-Sissi orders cabinet to help Christians fleeing Sinai

Egypt's president Abdel Fattah al-Sissi ordered the government on Saturday to take all necessary measures to help Christians who escaped northern Sinai after the Islamic State militia killed at least six of them over the past month.

SDP MP calls on citizens to raise their voice against restriction of women's rights

Josko Klisovic, a Social Democrat member of the Croatian parliament, on Saturday called on all Croatians to raise their voice against a policy turnaround on women's rights after Croatia took a conservative position in a discussion on human rights in the Council of the European Union.

Egypt court acquits Mubarak's aide of 22 years

An Egyptian court on Saturday acquitted one of ousted president Hosny Mubarak's closest aides, ruling he was not guilty of corruption and illicit profits.

EU ambassador to Albania Romana Vlahutin under 24-hour police protection

EU Ambassador to Albania Romana Vlahutin and her family have been given 24-hour armed police protection due to threats she has been receiving lately, the Austrian paper Der Standard said on Saturday, explaining that the threats were linked to Vlahutin's monitoring of a reform of Albania's judiciary designed to curb corruption in that country.