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Japan's Nikkei slides as market reacts to Trump's fresh tariff vows
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Japan's Nikkei slides as market reacts to Trump's fresh tariff vows
Nov 25, 2024 5:40 PM

TOKYO, Nov 26 (Reuters) - Japan's Nikkei share average

fell more than 1% on Tuesday as the market reacted to U.S.

President-elect Donald Trump's fresh promises of tariffs.

Trump on Monday said that on his first day in office he

would impose a 25% tariff on all products from Mexico and Canada

and an additional 10% tariff on goods from China, citing

concerns over illegal immigration and trade of illicit drugs.

At 0108 GMT, the Nikkei index was down 1.5% to 38,209.47,

while the broader Topix slid 1.3%.

A majority of the Nikkei's 225 constituents were down, with

only 41 advancers against 183 decliners.

The largest percentage losses in the index were IHI Corp ( IHICF )

, which shed 5.6%, followed by Fujikura ( FKURF ) and

Kawasaki Heavy Industries ( KWHIF ) losing 5.5% and 5%,

respectively.

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