The Nikkei stock market index fell 4% on American tariff concerns

Tokyo’s actions plunged on Monday, the last day of Japan 2024 fiscal year, the Nikkei index ending 4% to a seven -month low in the middle of the sale triggered by the concern about the negative impact of American prices on the Japanese economy.

The Nikkei title on average of 225 numbers slipped 1,502.77 points, or 4.05%, from Friday to 35,617.56, its lowest fence since August 9 and finishing 11.8% compared to the previous year. The wider Topix index has finished 98.52 points, or 3.57%, is less than 2,658.73.

All sectors have lost land on the high -level leading market, with declineists led by insurance problems, non -ferrous metal and petroleum and coal products.

The US dollar has briefly weakened at the higher range of 148 yen in Tokyo, because the Yen, considered an asset in swell of the safe, was bought on fears of an economic slowdown in the United States due to President Donald Trump’s trade policies, said dealerships.

At 5 p.m., the dollar recovered 149.13-15 yen against 149.75-85 yen in New York and 150.38-40 yen in Tokyo at 5 p.m. Friday.

The euro was cited at 1.0831-0832 and 161.53-57 yen against $ 1.0828-0838 and 162.18-28 yen in New York and 1.0786-0788 and 162.21-25 yen in Tokyo Friday afternoon.

The yield on the Japanese government’s obligation at 10 years of reference ended at a four -week hollow to 1.485%, down 0.060 percentage compared to the fence on Friday. The debt was bought as a safe asset while the Nikkei stock market index has dropped sharply.

On the stock market, the Nikkei reference followed the diving of Wall Street at the end of last week when fears grew above a potential economic crisis accompanied by high inflation in the largest economy in the world.

The technological actions of heavy goods vehicles have dropped sharply after decreases by their American counterparts, while automotive actions were sold before Trump’s additional prices of 25% on all vehicles produced outside the United States, which should take effect on Thursday.

“The concerns about the Japanese economy have started to smoke, given the negative impact (expected of prices) on the automotive industry, which is the key industry,” said Kazuo Kamitani, strategist of the Department of Investments Content of Nomura Securities Co.

Although optimism prevailed before Trump took up his duties in January, because he was considered to be aware of the financial markets, the feeling has emerged since he announced a series of aggressive tariff measures despite the continuous decline in shares, brokers said.

“The market has seen that the effects of prices have started to influence the real economy in the United States,” said Japanese actions, said Masahiro Yamaguchi, head of investment research at SMBC Trust Bank.

“Investors have struggled to take into account the impact of prices, because the American administration takes the time to announce the measures one after the other, which leads to a risk of sliding of the shares,” added Yamaguchi.

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