financetom
Market
financetom
/
Market
/
Japan's Nikkei tumbles to 6-1/2-month low as US tariff jitters weigh
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Japan's Nikkei tumbles to 6-1/2-month low as US tariff jitters weigh
Mar 30, 2025 7:35 PM

(Recasts, adds comments, and updates stock prices)

TOKYO, March 31 (Reuters) - Japan's Nikkei share average

tumbled on Monday to its lowest point in more than six months,

following sharp losses on Wall Street in the previous session,

as investors assessed the risk of imminent U.S. trade tariffs.

As of 0130 GMT, the Nikkei was down 3.5% at

35,810.28. Earlier in the session, the index dropped to

35,574.61, its lowest level since September 11.

The broader Topix fell 3% to 2,671.83.

"Investors' sentiment was weakened as there is so much

uncertainty ahead of the announcement of reciprocal tariffs,"

said Hiroyuki Ueno, chief strategist at Sumitomo Mitsui Trust

Asset Management.

"They were in a risk-off mode and offloaded what they had

bought. But this week is the toughest, and they will start

buying them back once the outlook becomes clear."

U.S. President Donald Trump has promised to unveil a massive

tariff plan on Wednesday, which he has dubbed "Liberation Day."

He has already imposed tariffs on aluminum, steel and autos,

along with increased tariffs on all goods from China.

Trump said on Sunday reciprocal tariffs that he is set to

announce will include all nations, not just a smaller group of

10 to 15 countries with the biggest trade imbalances.

Wall Street stocks ended sharply lower on Friday, with

sell-offs in tech giants such as Amazon and Microsoft, after

U.S. data fuelled fears of weak economic growth and high

inflation as the Trump administration ratchets up tariffs.

In Japan, Uniqlo-brand owner Fast Retailing ( FRCOF )

lost 3.6% while chip-related Tokyo Electron ( TOELF ) and

Advantest ( ADTTF ) slipped 5.7% and 6.2%, respectively.

Shares of Mitsubishi UFJ Financial Group ( MUFG ) and

Sumitomo Mitsui Financial Group ( SMFG ) lost 3.9% and 3.3%,

respectively.

Automakers fell, with Toyota Motor ( TM ) and Honda Motor ( HMC )

losing 2.7% and 3%, respectively.

All of the Tokyo Stock Exchange's 33 industry sub-indexes

fell, with the insurance sector lost 4.6%.

The Nikkei volatility index jumped 5 points to 27.4

to its highest level since March 11.

All but one of 225 components of the Nikkei index fell, with

chipmaker Renesas Electronics ( RNECF ) tanking 8.7%.

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 >
TREASURIES-Longer-dated US yields dip amid trade concerns 
TREASURIES-Longer-dated US yields dip amid trade concerns 
Oct 15, 2025
* Fed officials suggest potential rate cuts amid economic uncertainty * Empire State index rises more than expected * Miran sees two more rate cuts this year By Chuck Mikolajczak NEW YORK, Oct 15 (Reuters) - Longer-dated U.S. Treasury yields were lower on Wednesday, as the latest comments from U.S. officials cast some doubt on whether a trade agreement with...
US Equity Indexes Advance as Quarterly Results From Mega-Cap Banks Lift Sentiment
US Equity Indexes Advance as Quarterly Results From Mega-Cap Banks Lift Sentiment
Oct 15, 2025
12:34 PM EDT, 10/15/2025 (MT Newswires) -- US equity indexes rose in midday trading on Wednesday as strong quarterly results from banking behemoths boosted investors' risk sentiment. The Nasdaq Composite jumped 1.1% to 22,774.5, with the S&P 500 up 0.9% to 6,701.3, and the Dow Jones Industrial Average 0.5% higher at 46,526.8. Technology, communication services, and utilities led the gainers...
Top Midday Stories: ASML Shares Rise After 2026 Outlook; Bank of America Shares Rise After EPS, Revenue Beats
Top Midday Stories: ASML Shares Rise After 2026 Outlook; Bank of America Shares Rise After EPS, Revenue Beats
Oct 15, 2025
11:46 AM EDT, 10/15/2025 (MT Newswires) -- All three major US stock indexes were up in late-morning trading Wednesday thanks in part to a slew of stronger-than-expected earnings reports from big companies. In company news, ASML ( ASML ) reported fiscal Q3 earnings Wednesday of 5.48 euros ($6.37) per diluted share, up from 5.28 euros per share a year earlier....
EMERGING MARKETS-LatAm stocks, currencies rebound on dovish Fed cues; Argentina bounces back
EMERGING MARKETS-LatAm stocks, currencies rebound on dovish Fed cues; Argentina bounces back
Oct 15, 2025
* Argentina rebounds after sharp sell-off * Brazil equities record slim gains * Fed rate cut hopes underpin sentiment By Niket Nishant Oct 15 (Reuters) - Latin American stocks and currencies rebounded on Wednesday after dovish remarks from U.S. Federal Reserve Chair Jerome Powell, while Argentine equities gained ground following a turbulent Tuesday session. With a 1.01% jump, Argentina's local...
Copyright 2023-2026 - www.financetom.com All Rights Reserved