Japanese Stocks Decline Amid Global Trade War Concerns
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Japanese stocks fell over 2% due to fears of a global trade war, with technology and automaker sectors seeing significant declines.
Japanese stocks experienced a significant drop, with the benchmark Topix declining more than 2% due to escalating fears of a global trade war. This situation prompted widespread selling among exporters, particularly technology companies and automakers.
As of 9:03 a.m. in Tokyo, the Topix fell 2% to 2,733.86, led by a gauge of automakers which accounted for the largest decreases among the 33 industry groups. The Nikkei 225 Stock Average also saw a decline of 2.2%, settling at 38,683.97. In total, out of 1,696 stocks listed in the index, 135 managed to increase in value, while 1,458 stocks fell, leaving 103 unchanged.
