Global Markets Today, September 11, 2026: Asian Shares Slide, Oil Elevated As Weak Start Seen For India

Mumbai, September 11: Asian equities came under selling pressure on Friday as surging oil prices and rising global bond yields intensified concerns over inflation and the path of interest rates, setting the stage for a weak start for Indian markets. The MSCI Asia-Pacific index excluding Japan fell 1.8%, while Japan’s Nikkei tumbled 2.8%. Hong Kong’s Hang Seng dropped 1%. 

The correction across Asian markets followed a fresh rise in crude prices, with Brent climbing to a four-month high of $109.97 a barrel after jumping 6% overnight. The benchmark was on track for a weekly gain of nearly 13% as disruptions to oil flows through the Strait of Hormuz, alongside rising risks around the Red Sea, kept supply concerns elevated. 

For Indian equities, the global cues point to a weak and potentially volatile opening, with pressure likely to be particularly visible in rate-sensitive and oil-consuming sectors. The sustained rise in crude is a negative for India given the country’s dependence on imported oil, raising concerns over inflation, the rupee and corporate margins. Energy stocks, however, could remain relatively resilient as higher crude prices improve the outlook for upstream producers. 

US markets 

Wall Street ended lower on Thursday as investors weighed sticky inflation, higher Treasury yields and the surge in oil prices. The S&P 500 fell 0.58%, while the Dow Jones Industrial Average declined 0.60%. The Nasdaq Composite lost 0.65%. 

The sell-off came after August producer prices reinforced concerns that inflation could remain elevated, while Brent crude’s sharp rise added another layer of pressure. Technology stocks bore the brunt of the selling, with Nvidia falling 2.3% and Micron losing 4.7%. Nine of the 11 S&P 500 sectors ended lower. 

Investors now await US consumer inflation data that could influence expectations for the Federal Reserve’s policy decision next week. 

Oil, yields keep markets on edge 

The biggest threat to the global risk mood remains crude. Brent touched $109.97 a barrel, while the continuing disruption to supply routes through the Strait of Hormuz has kept traders wary of further price spikes. Reuters reported that markets were increasingly pricing the risk of a prolonged conflict, with higher energy costs feeding directly into inflation expectations. 

That has pushed bond yields sharply higher. The US 10-year Treasury yield climbed to 4.97%, near the closely watched 5% mark, while the 30-year yield reached a 19-year high. Markets were pricing roughly a 70% probability of a Fed rate hike this month. 

The combination of higher crude, rising yields and weak Asian equities is therefore likely to keep Indian benchmarks under pressure at the open. Investors will also track the rupee, foreign fund flows and developments in oil markets for signs of whether the early sell-off could deepen or stabilise during the session. 

Source

• Exchanges