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Japan's Nikkei tracks Wall Street lower on global recession fears
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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.

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