Negative: Japanese market plunges over 6% due to fears of global recession from U.S.-ignited trade war.

From Nasdaq: 2025-04-06 21:35:00

The Japanese stock market is plummeting, with the Nikkei 225 tumbling more than 6 percent to below 31,600 on Monday. Strong losses across all sectors, led by technology and financial stocks, are fueled by fears of a global recession due to the U.S.-ignited global trade war. Market heavyweight SoftBank Group is down almost 12 percent, while Fast Retailing is declining almost 4 percent. In the tech space, Advantest, Tokyo Electron, and Screen Holdings are all experiencing significant losses. Major exporters like Panasonic, Canon, and Sony are also in the red. The U.S. dollar is trading lower against the yen.

On Wall Street, stocks continued their downward trend on Friday, with the S&P 500 and Nasdaq hitting their lowest levels in eleven months. The S&P 500 plummeted by 6.0 percent, the Nasdaq by 5.8 percent, and the Dow by 5.5 percent. European markets also saw substantial declines. Crude oil prices dropped by 7.4 percent to $62 a barrel, a three-year low, due to concerns about the impact of a global trade war on fuel demand.



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