Japan: Tokyo’s important Nikkei score fell on Friday ( Apr 4), extending the previous day’s costs after US President Donald Trump sent Wall Street shares tumbling with sweeping new business taxes.
In earlier industry, the Nikkei 225 index was down 1.8 per share at 34, 108.23, adding to a drop of 2.77 percentage on Thursday. The broader Topix score was off 2.3 per cent, having lost 3.08 per cent the preceding evening.
MSCI’s broadest score of Asia-Pacific stock outside Japan , dipped 0.26 per share in narrow industry, with industry in China, Hong Kong and Taiwan closed for a holiday.
The STI was along about 1.4 per cent at 9.15am.
On Thursday, Wall Street’s tech-heavy Nasdaq Composite plunged 6 per cent, while the surrender in the S&, P 500 was its biggest in a day since 2020.
In Europe, both the Paris and Frankfurt stock markets finished the day with loss of more than three cent.
Oil prices plummeted more than 6 per cent on issues an economic slump sparked by Trump’s business plans had struck need. The price of silver hit another new history.
The money slumped by as much as 2.6 per cent versus the euro, its biggest daily fall in a generation, and suffered strong costs also against the renminbi and American pound.
On Friday, the US dollar fetched 146.33 japanese in early Eastern trade, rebounding somewhat from 145.99 japanese in New York.
” US Treasury Secretary ( Scott ) Bessent has said the current figures are the upper limit, suggesting there is some room for individual negotiations”, Tokai Tokyo Securities said.
” But with some techniques to implement retaliatory tariffs by various countries and regions, the condition seems to be becoming a business war”, the trading said.