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Japan's Nikkei tracks Wall Street lower on global recession fears

ReutersApr 4, 2025 12:23 AM

- Japan's Nikkei share average fell on Friday, following sharp overnight losses on Wall Street, as concerns over U.S. President Donald Trump's sweeping tariffs sparked fears of a potential global economic recession.

As of 0010 GMT, the Nikkei index .N225 was down 1.7% at 34,148.58, while the broader Topix .TOPX fell nearly 2% to 2,518.39.

Wall Street benchmarks slumped on Thursday, ending with the largest single-day percentage losses in years, as Trump's sweeping tariffs ignited fears of an all-out trade war and a recession.

In Japan, chip-related shares fell on Friday, with Advantest 6857.T and Tokyo Electron 8035.T down 7% and 4%, respectively.

All but four of the Tokyo Stock Exchange's 33 industry sub-indexes dropped, with the banking index .IBNKS.T losing 6.4 to become the worst performer.

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