The Nikkei 225 fell 2% to below 40,000 and the broader Topix index fell 1.8% to 2,895 on Monday (August 4), with both indexes hitting near two-week lows as Japanese stocks followed Wall Street's sharp decline.
The sell-off followed US President Donald Trump's massive retaliatory tariffs of 10% to 41% on several trading partners, alongside a weaker-than-expected US jobs report that deepened economic concerns. Domestically, investors awaited the minutes of the Bank of Japan's latest policy meeting for clues on the timing of its next interest rate hike.
Technology stocks led the decline, with sharp declines for Disco (-3.1%), Advantest (-2.1%), and Tokyo Electron (-1.8%). Financial, industrial, and consumer stocks also suffered, including Mitsubishi UFJ (-4.6%), Fujikura (-1.9%), and Toyota Motor (-2.1%). (alg)
Source: Trading Economics
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