Japanese stocks tumbled on Friday, tracking sharp losses on Wall Street as trade tensions between the U.S. and China reignited market volatility. The Nikkei 225 plunged 5% to fall below 33,000, while the broader Topix Index sank 4.7% to 2,420, erasing much of the previous session's gains. The downturn followed confirmation from the White House that cumulative tariffs on Chinese imports have climbed to 145%, deepening fears of a prolonged trade war. Uncertainty also lingers around the outcome of ongoing negotiations, despite President Trump's 90-day tariff reprieve meant to create space for dialogue. Japan, facing a 10% U.S. tariff rate, is preparing for talks with the Trump administration in hopes of securing a trade agreement. Major losses came from market heavyweights, including Mitsubishi UFJ (-6.1%), Disco Corp (-6%), Sumitomo Mitsui (-6.3%), Toyota Motor (-6.2%), and Fast Retailing (-3.4%).
Source: Trading Economi
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