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Japan's Nikkei falls 2% to track Wall Street's sharp declines
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Japan's Nikkei falls 2% to track Wall Street's sharp declines
Mar 10, 2025 5:34 PM

TOKYO, March 11 (Reuters) - Japan's Nikkei share average

fell 2% on Tuesday, tracking sharp overnight losses of Wall

Street, with technology stocks leading the declines.

By 0012 GMT, the Nikkei was down 2% at 36,285.01,

near its lowest level since September 18.

The broader Topix fell 1.86% to 2,649.64.

U.S. stocks plunged on Monday as relentless tariff wrangling

and mounting anxieties from a possible federal government

shutdown gave rise to fears that the U.S. economy could be

careening into recession.

In Japan, chip-related stocks fell, with Advantest ( ADTTF )

and Tokyo Electron ( TOELF ) slipping 2.86% and 2.82%,

respectively. Technology investor SoftBank Group fell

4.19%.

Uniqlo-owner Fast Retailing ( FRCOF ) lost 2.78%.

Air-conditioner maker Daikin Industries ( DKILF ) rose 1.56%

to provide the biggest support to the Nikkei. Soy sauce maker

Kikkoman ( KIKOF ) edged up 0.3%.

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