financetom
World
financetom
/
World
/
Japan's Nikkei struggles for momentum as tariff deadline looms
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Japan's Nikkei struggles for momentum as tariff deadline looms
Mar 23, 2025 8:46 PM

TOKYO, March 24 (Reuters) - Japan's Nikkei share

average was flat at the morning session's close on Monday as a

modest rise in Wall Street's three main indexes last week

marginally boosted market sentiment, but a looming deadline for

implementing additional U.S. tariffs kept investors cautious.

The Nikkei was unchanged from Friday's close of

37,676.97 by the midday break, while the broader Topix

fell 0.3% to 2,794.67 after logging an eight-month peak at the

end of last week.

The Nikkei received some support as a portion of heavyweight

shares saw some buying. Uniqlo parent firm Fast Retailing ( FRCOF )

rose 0.4% and AI-focused startup investor SoftBank

Group climbed 2.9%.

However, the benchmark index struggled to advance, seesawing

between gains and losses as market participants eyed the April 2

deadline that U.S. President Donald Trump has set for reciprocal

and sector-specific tariffs to go into effect.

Trump hinted that he would be flexible regarding the new

round of levies, helping lift the S&P and Dow at the end of the

week, but Japanese equity investors on Monday took a wary

approach to the impending threat.

Many important details regarding the latest tariffs are

still unknown, keeping investors on edge, said Kazuo Kamitani, a

strategist at Nomura Securities. "There's no way to predict it,

so we have no choice but to wait for the announcement," he said.

Many major semiconductor-related shares dragged on Monday to

follow their U.S. peers after the Philadelphia SE Semiconductor

Index ended nearly 1% down on Friday.

Tokyo Electron ( TOELF ) slid 0.3%, while Screen Holdings ( DINRF )

stumbled 3.3% to become the biggest percentage loser on

the Nikkei.

Among other big-name shares, Seven & i Holdings ( SVNDF )

rose 2% and Chugai Pharmaceutical ( CHGCF ) climbed 1.6%. Robot

maker Fanuc ( FANUF ) gave up 1.7%.

Of the Nikkei's 225 constituents, 66 advanced

while157declined. Two shares were untraded.

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 >
Copyright 2023-2025 - www.financetom.com All Rights Reserved