they sent the nikkei plunging below 17,000 for the first time in a week. we go to our business reporter giang nguyen at the tokyo stock exchange for details. >> what a surprise result from the b.o.j. for many investors. ahead of the decision investors were split on whether the bank would expand stimulus. the market reaction was immediate with the yen jumping more than 2% against the dollar. early on the day shares in tokyo were higher following the fed's decision to stay put on interest rates, but with the b.o.j.'s announcement, stocks nose-dived. nikkei 225 dropped 3.2% on thursday closing at 16,666. the broader topix also ended down more than 3%. the market in tokyo was lower every day this week but really tumbled on thursday. the last trading day here before a long holiday weekend. the nikkei posted a weekly loss of 5%. some of japan's major exporters have been trading higher in the morning, but they have seen a reversal of fortune. auto makers toyota and nissan finished down. sony also ended lower. corporate performance also moved shares. japan's bigge

tokyo's nikkei plunged 3%. hong kong's hang seng dropped 1%. and wall street is hoping for another week like last week. the rally continued. the dow jones industrials up 14% from the year's low, gaining 317 the s&p 500 finished the week 32 points higher. the nasdaq added 87. >>> oil prices fell sharply this rning after major oil producers failed to reach an agreement on capping production. the weekend meeting of 18 oil-producing nations in qatar was expected to produce a deal to cut production and boost prices. iran stayed away and says it will increase its out-put despite threats from saudi arabia. at one point this morning, oil prices in asia were down nearly 7%. >>> disney's updated version of "the jungle book" opened with a roar. topping the box office with $103.6 million in ticket sales. it ranks as the second-biggest april opening ever. the latest installment of "the barber shop comedy series, "barber shop the next cut" opened in second. and the melissa mccarthy comedy, "the boss," finished third. >>> the unveiling of target's a less than

nikkei. fast plunging like that. look at this comparative chart. ar, exactly 12 months of let's call it american exsis, s&p versus the nikkei 225 and obviously the optics are quite clear saying we know everything started rebounding quite nicely but the rebound that took place and then the nikkei, of course, has faltered and started to roll over. the stock 600 in europe also looks like this. this is a problem meaning i ultimately believe the s&p will go that way as well and either way forget about the s&p and this is a bad thing to be in and it got a lot worse in the sense that the biggest component at 7% was dropping and gapping like that, so here are a few charts. this is the cheek you can use to trade, it an etf, ewj and basically, you know with basically down and up and down and up we know we have something of a downtrend line and the issue is are we going to falter here again and go down two or even through the lows. that's my bad and let's look at long-term charts. here again is the same thing on a one-year basis which is what we've studied her

but i want to focus on following on the retailer and the largest component of the nikkei, fast plungingat. look at this comparative chart. it's a one-year, exactly 12 months, of, let's say call it american equities, s&p versus the nikkei 225. and the optics are clear, which is to say we know everything started rebounding nicely, but the rebound that took place in the nikkei, and the rebound, the nikkei of course started to falter, rolled over. the stock in europe also look likes this. i ultimately believe the s&p will go that way as well, but this is a bad thing to be in. and it got worse in the sense that its biggest component at 7% was dropping and gaaping like that. so, here are a few charts. this is the vehicle you can use to trade it. it's an etf, of course, ewj. and basically, you know, with basically down and up and then down and up, we know we have something of a down trend line. and so, the issue is, are we going to falter here yet again and go down two or even through the lows? that's my bad. that's a long-term chart. here again is the same thing on a one-year basis, which is

just a reminder, actually, yesterday the nikkei fell more than 3% as futures plunged more than 5% in asia trading and concerns over supply chain disruptions following the earthquake's dragged the nikkei lower, however. it's bouncing back now after the sharp fall future rebounded overnight though oil producing countries fail to agree on a cap on sunday. now the production from kuwait to reported to be falling due to a strike by oil workers. investors assuming this could help raise the oil prices. back to japan, earthquakes are heavily weighing on sentiment as you just touched on. production is halted and auto makers, semi conductor makers and land, air and sea travel is almost grinding to a halt and tourism, as well, from the likes of south korea and china. another factor we need to focus on is the shares of japanese suppliers to parts for apple's iphones, which were hit hard on monday u.s. company continues to scale back production on the flag ship products on slowing demand. the likes of alp's electric that makes smart phone camera parts fell and manufacturing that makes ceramic capa

and japan's nikkei index fell as shares from automakers plunged this morning. >>> back here in the u.sake a look at this. this is a giant jumpg yard fire out in california. dozens of cars burned as high winds fanned the flames near los angeles yesterday. firefighters had their hands full trying to get on all sides of this blaze. it took more than two hours to get everything under control. fortunately, nobody was hurt. >>> let's head to texas where heavy rain has led to widespread flooding in the northern part of the state. over the weekend, floodwaters closed roads and caused hundreds of cancellations at dallas area airports. forecasters say the flood threat will continue through tomorrow. >>> oh, man, take a look at this. nearly a foot of snow fell in the denver area over the weekend and the weight of that snow caused several carports to collapse at this apartment complex. the wet snow also broke tree limbs creating problems for drivers. >>> no snow here. none in the forecast. here's a live look outside at boathouse row. temperatures are expected to soar today. we check in with meteor

plunged 25%. scrap and waste were down by 22 and nonferrous metals dropped 12%. investors in tokyo sent the nikkei average above the 1616,0 mark for the first time in seven sessions. we go to the tokyo stock exchange for more. >> the market in tokyo was supported by a weaker yen and oil prices ticked higher overnight improving the appetite for risk. the nikkei average gained 2.8% to close at 16,381. that's the best finish in about two weeks. broader top picks was up 2.5%. u.u.s. benchmark wti crude futus rose overnight to the highestst level this year. shares of oil and gas developer rose moree than 3%. all sectors were higher but a couple of companies outperformed the market including murata manufacturing and alps electric. and fast retailing jumped 6.6% on a report that the operator of the brand will slash price andn reinststate a simpler pricing scheme. shinsei bank will offer smartphone based payment for duty free shoppers. investors will turn their attention to china's gdp figures which come out on friday. >>> thanks very much for that report. other markets in the asia-pacific region rallied

plunged more than 500 points. >> tokyo shares tumbled as investors worried about the impact on business as well as the failed talks to limit oil production. the nikkei lost 3.4% to close at 16,275. the broader topics also fell by more than 3%. as we have been reporting, operations of several major parts makers in the region are disrupted. toyota shares were down nearly 4.8% as the shortage of auto parts rippled through the supply chain in the rest of the country. renesas electronics shares tumbled. sony was down 6.8%. an analyst warned that if production doesn't resume soon, apple's iphone 7 may be delayed. sony makes image sensors for ta down. oil prices tumbled after producers failed to agree to an output freeze. >> thanks very much for that report. many investors across the asia pacific region lost their appetite for stocks after the fall in oil prices. let's look at china. shanghai composite down. energy related shares led the losses. taiwan down. analysts say investors are concerned that supply chain disruptions may affect local semiconductor makers. looking at hong kong. most sectors ended in the negative. indonesia, kind of like the exclusion

nikkei 225 closing lower by 3.61%. the boj does nothing. dollar yen plunges. down by 2.8%. biggest one-day drop since august 2015. initially it was a rally. that upsome of now. look at crude very quickly. up .71%. more than $40 billion worth of deals this morning and a big chunk. matt: more than 60 s&p 500 companies coming out with earnings. facebook it is one of those that has come out with earnings overnight. opening at a record as it blew past estimates with revenue up 52%, profit up 327%. as far as deals, abbott labs agreed to by saint jude in a deal valued at $25 billion. the total is basically $85 a share for saint jude. -- stem centric investors are going to get an additional $4 billion in certain milestones are met. abbvie also reported first-quarter earnings. a hostile bid to buy medivation. therapy company. premium to the price average before the rumors started to spread. a billion-dollar stock. it will bring together the two largest retail pawn shop operators in the u.s. they are both in texas. hanes brands agreed to by australia's pacific brands, gaining iconic