The Nikkei 225 fell 2% to below 40,000 and the broader Topix dropped 1.8% to 2,895 on Monday, with both indexes hitting near two-week lows as Japanese shares tracked Wall Street’s sharp decline.
The selloff followed US President Donald Trump’s sweeping retaliatory tariffs of 10% to 41% on multiple trading partners, alongside a weaker-than-expected US jobs report that deepened economic concerns.
Domestically, investors are awaiting minutes from the Bank of Japan’s latest policy meeting for clues on the timing of the next rate hike.
Technology stocks led the downturn, with sharp losses from Disco (-3.1%), Advantest (-2.1%), and Tokyo Electron (-1.8%).
Financials, industrials, and consumer stocks also came under pressure, including Mitsubishi UFJ (-4.6%), Fujikura (-1.9%), and Toyota Motor (-2.1%).
AloJapan.com