Japanese market sharply lower, down 5% due to negative cues from Wall Street

From Nasdaq: 2025-04-10 21:24:00

The Japanese market is sharply lower, with the Nikkei 225 tumbling 5.3 percent to below 32,800 following negative cues from Wall Street. Market heavyweights like SoftBank Group and Fast Retailing are down, along with automakers Toyota and Honda. Tech stocks like Advantest and Tokyo Electron are also declining. In the banking sector, Sumitomo Mitsui Financial, Mizuho Financial, and Mitsubishi UFJ Financial are slipping. Major exporters like Sony and Panasonic are also experiencing losses. On Wall Street, stocks showed steep losses after a historic rally on Wednesday, with the major averages all posting declines. European markets, however, showed substantial gains. Crude oil prices also fell significantly on Thursday.



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