Japan's Nikkei Slumps to 8-Month Low Amid Trump's Tariff Shock
Japan's Nikkei fell to an eight-month low after President Trump's announcement of a 24% tariff on Japanese goods, with significant losses in financial and tech sectors.
Published on April 3, 2025
On April 3, 2025, Japan’s Nikkei share average hit its lowest level in eight months after U.S. President Donald Trump announced unexpectedly high tariffs on Japanese goods, including a 24% levy. Early trading saw the index drop by as much as 4.6%, and although it recovered slightly by the close of the morning session, the market ended down 3% at 34,673.69.
The tariff shock hit financial stocks particularly hard, with regional bank Resona Holdings plunging 9.5% amid falling bond yields. Major technology firms, including Tokyo Electron and Advantest, also suffered significant losses. This market turbulence reflected broader investor concerns following similar tariff-driven shocks globally, marking another volatile day in international trade and market sentiment.