Tokyo stocks fall further amid concerns over U.S. tariffs-Xinhua

Tokyo stocks fall further amid concerns over U.S. tariffs

Source: Xinhua

Editor: huaxia

2025-04-04 19:41:32

TOKYO, April 4 (Xinhua) -- Tokyo stocks closed lower Friday with the benchmark Nikkei index falling for a second straight day to a new eight-month low, amid fears of a global recession in the wake of U.S. tariff hikes.

Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended down 955.35 points, or 2.75 percent, from Thursday at 33,780.58, its lowest closing since Aug. 5.

The broader Topix index, meanwhile, finished 86.55 points, or 3.37 percent, lower at 2,482.06.

On the stock market, the benchmark index at one point shed over 1,400 points after the U.S. Dow Jones index marked its worst one-day loss since June 2020 amid concern that some U.S. trading partners would seek retaliatory measures and ignite a trade war.

The Nikkei has lost more than 1,900 points over the two days after the U.S. administration unveiled "the reciprocal tariffs," with Japan being slapped with a harsher rate of 24 percent, analysts said.

The U.S. dollar briefly weakened to the lower 145 yen zone in Tokyo, as the Japanese yen was sought amid concern about a trade war.

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