TOKYO, Feb. 3 (Xinhua) — Tokyo shares plunged on Monday as issues over the impression of U.S. tariffs on the worldwide economic system led to a broad sell-off, notably in auto shares.
The benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, closed down 1,052.40 factors, or 2.66 p.c, to finish at 39,572.49.
In a response to U.S. President Donald Trump’s choice to impose tariffs on Mexico, Canada, and China, short-term abroad traders offered stock index futures to hedge dangers, additional pressuring the Nikkei.
Major automakers equivalent to Toyota, Nissan, Honda, and Mazda noticed declines on account of issues over the impression of tariffs on their earnings.
Despite the general market decline, some particular person shares confirmed resilience. SoftBank Group and its telecom unit, SoftBank, rose barely after saying a partnership with OpenAI to launch a brand new AI service for enterprises.
The broader Tokyo Stock Price Index (TOPIX) additionally declined, closing 68.27 factors, or 2.45 p.c, decrease at 2,720.39.
Among the listed shares on the Tokyo Stock Exchange’s Prime Market, 1,470 declined, whereas 154 rose, and 15 remained unchanged.