financetom
Market
financetom
/
Market
/
Japan's Nikkei tracks Wall Street lower on global recession fears
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Japan's Nikkei tracks Wall Street lower on global recession fears
Apr 3, 2025 5:35 PM

TOKYO, April 4 (Reuters) - Japan's Nikkei share average

fell on Friday, following sharp overnight losses on Wall Street,

as concerns over U.S. President Donald Trump's sweeping tariffs

sparked fears of a potential global economic recession.

As of 0010 GMT, the Nikkei index was down 1.7% at

34,148.58, while the broader Topix fell nearly 2% to

2,518.39.

Wall Street benchmarks slumped on Thursday, ending with the

largest single-day percentage losses in years, as Trump's

sweeping tariffs ignited fears of an all-out trade war and a

recession.

In Japan, chip-related shares fell on Friday, with Advantest ( ADTTF )

and Tokyo Electron ( TOELF ) down 7% and 4%,

respectively.

All but four of the Tokyo Stock Exchange's 33 industry

sub-indexes dropped, with the banking index losing

6.4 to become the worst performer.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Sector Update: Consumer Stocks Advance in Afternoon Trading
Sector Update: Consumer Stocks Advance in Afternoon Trading
May 26, 2025
01:56 PM EDT, 05/08/2025 (MT Newswires) -- Consumer stocks rose Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) up 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) climbing 1.8%. In economic news, the UK said it secured the first trade deal with the US, with the agreement covering various industries including UK steel and British...
Sector Update: Energy Stocks Rise Thursday Afternoon
Sector Update: Energy Stocks Rise Thursday Afternoon
May 26, 2025
01:47 PM EDT, 05/08/2025 (MT Newswires) -- Energy stocks were higher Thursday afternoon, with the NYSE Energy Sector Index rising 1.7% and the Energy Select Sector SPDR Fund (XLE) climbing 2%. The Philadelphia Oil Service Sector index popped 3%, and the Dow Jones US Utilities index was up 0.1%. Front-month West Texas Intermediate crude oil was rising 3.1% to $59.85...
Sector Update: Tech Stocks Climb Thursday Afternoon
Sector Update: Tech Stocks Climb Thursday Afternoon
May 26, 2025
01:55 PM EDT, 05/08/2025 (MT Newswires) -- Tech stocks were rising Thursday afternoon, with the Technology Select Sector SPDR Fund (XLK) adding 1.6% and the SPDR S&P Semiconductor ETF (XSD) increasing 3.8%. The Philadelphia Semiconductor index rose 2%. In corporate news, Workday (WDAY) was awarded a contract by the US Office of Personnel Management to overhaul its HR systems and...
Sector Update: Financial Stocks Higher in Afternoon Trading
Sector Update: Financial Stocks Higher in Afternoon Trading
May 26, 2025
01:54 PM EDT, 05/08/2025 (MT Newswires) -- Financial stocks advanced in Thursday afternoon trading, with the NYSE Financial Index rising 1.2% and the Financial Select Sector SPDR Fund (XLF) up 1.7%. The Philadelphia Housing Index climbed 1.9%, and the Real Estate Select Sector SPDR Fund (XLRE) gained 0.3%. Bitcoin (BTC-USD) jumped 4.5% to $101,454, and the yield for 10-year US...
Copyright 2023-2026 - www.financetom.com All Rights Reserved