Japan's Nikkei drops over 1% on Wall Street losses, yen strength
TOKYO, March 4 (Reuters) - Japan's Nikkei share average fell more than 1% in early trade on Tuesday, dragged by overnight Wall Street declines and a stronger yen, with U.S. tariffs on Canada and Mexico to take effect as planned later in the day.
The Nikkei .N225 dropped 1.3% to 37,287.73, as of 0015 GMT, while the broader Topix .TOPX was down 0.6%.
Wall Street's main stock indexes closed sharply lower on Monday after U.S. President Donald Trump announced the start of 25% tariffs on Canada and Mexico from Tuesday, with the S&P 500 posting its biggest daily decline since December 18. .N
Trump also reaffirmed that he will increase tariffs on all Chinese imports to 20% from the previous 10% levy.
Meanwhile, the yen appreciated against the U.S. dollar as the greenback slid, knocking down exporters shares and further dragging investor sentiment. FRX/
The Nikkei's biggest decliners were Furukawa Electric Ltd 5801.T, down 8.9%, followed by Advantest Corp 6857.T losing 7.9% and Fujikura Ltd 5803.T, dropping 7.2%.
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