The Nikkei 225 index fell 1% to around 37,700 while the broader Topix index fell 0.7% to 2,745 on Thursday, with Japanese shares dropping for a second straight session as the recent market rally fueled by the U.S.-China trade deal lost momentum. Analysts noted that while easing global trade tensions offered some relief, the broader outlook for corporate earnings and economic growth remained largely unchanged. Investors were also watching developments in a potential U.S.-Japan trade agreement, with Tokyo aiming to finalize a deal by June. In corporate news, Sony Group tumbled 4.7% after projecting a $700 million tariff impact for fiscal 2025. Subaru fell 4.6% amid potential tariffs of $2.5 billion, although the automaker announced plans to increase U.S. production to offset the impact. Other significant decliners included Disco (-1.6%), Fujikura (-1.7%), Kawasaki Heavy Industries (-2%), Nintendo (-2.9%), and Toyota Motor (-3%).(Newsmaker23)
Source: Trading Economics
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