The Nikkei 225 Index tumbled 2.5% to below 36,200, while the broader Topix Index dropped 2.9% to 2,620 on Tuesday, reaching their lowest levels in at least five months.
The decline followed a sharp selloff on Wall Street overnight, fueled by growing US recession fears.
Over the weekend, US President Donald Trump described the economy as being in "a period of transition" when asked about a possible recession, with his tariff policies and government shake-ups adding to market concerns.
In Japan, sentiment was further dampened by weaker economic data. Fourth-quarter GDP growth was revised lower, with annualized expansion slowing to 2.2% from a previous estimate of 2.8%, as private consumption stalled.
Sharp losses were recorded among major index components, including IHI Corp (-7.7%), Kawasaki Heavy (-6.4%), Hitachi (-4.7%), Mizuho Financial (-6.2%), and SoftBank Group (-4.1%).
Source: Trading Economics
Japanese stocks were mixed following a Wall Street rally driven by the chip/tech sector. An unexpected decline in the US PPI fueled hopes of a Fed rate cut. Investors in Tokyo remained cautious ahead ...
Japanese shares rose on Wednesday, tracking Wall Street gains, as traders bet U.S. labor market weakness would prompt a Federal Reserve rate cut next week. The Nikkei 225 rose 0.87%, or 378.38 points...
Japanese shares rose on expectations of expansionary fiscal policies even as the country's ruling party is set to hold a leadership contest and find a replacement for outgoing Prime Minister...
All three major indexes closed at record highs Tuesday as investors moved past concerns about the state of the U.S. economy. The S&P 500 index settled up 0.27% at 6,512.61, while the Nasdaq Compo...
Japan stocks were lower after the close on Tuesday, as losses in the Paper & Pulp, Transport and Communication sectors led shares lower. At the close in Tokyo, the Nikkei 225 lost 0.41%. The bes...
Initial jobless claims in the US surged by 27,000 from the previous week to 263,000 in the first week of September, the highest single-week figure since October 2021, and well above market consensus of 235,000 initial claims. This finding aligns...
Annual inflation in the United States (US), as measured by changes in the Consumer Price Index (CPI), rose to 2.9% in August from 2.7% in July, the US Bureau of Labor Statistics (BLS) reported on Thursday. This figure was in line with market...
The European Central Bank (ECB) announced on Thursday that it kept its key interest rates unchanged after its September policy meeting, as expected. With this decision, the main refinancing operations rate, the marginal lending facility rate, and...
The United States (US) Bureau of Labor Statistics (BLS) will publish the 2025 preliminary benchmark revision to the Establishment Survey Data on...
The Federal Reserve is likely to start a series of interest-rate cuts next week and keep going through the end of the year, traders bet on Wednesday...
Producer inflation in the United States, as measured by the change in the Producer Price Index (PPI), fell to 2.6% annually in August from 3.3% in...
The US Bureau of Labor Statistics reported on Tuesday that the preliminary estimate of the Current Employment Statistics (CES) national benchmark...