ALB Micki

Wednesday, April 9, 2025

Japan shares fall

 


Shares in Japan fell in early trading on Wednesday.

Tokyo's Nikkei 225 was about 3% lower.

The index had jumped by 6% a day earlier, after heavy losses at the start of the week.

Meanwhile, South Korea's Kospi was broadly flat.

Japan's main Nikkei index of shares fell in early trading Wednesday after Wall Street stocks turned lower on worries about U.S. tariffs and a trade war with China.

The Nikkei 225 was down 2.67% to 32,130.00, having rebounded 6% on Tuesday from heavy losses after U.S. President Donald Trump's announcement of sweeping tariffs.


The S&P 500 Index rallied as much as 4% in early trading in what was its biggest advance since 2022, on signs Trump was open to negotiating trade deals. Yet it ended down 1.6% after the White House said it’s pressing ahead with its tit-for-tat retaliation against China.


Trump has assigned two members of his Cabinet to kick off bilateral trade talks after a telephone call with Prime Minister Shigeru Ishiba. Japan appeared set to get priority over other U.S. trading partners in talks on tariffs, putting Tokyo at the head of a long queue of nations seeking to roll back the levies.


Trump made a string of comments Monday about his planned duties on worldwide trading partners. Yet the president offered little clarity about what he is seeking in exchange for lowering duty rates — or whether he’s willing to offer relief at all.

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