From Yahoo Finance: 2025-04-03 20:32:00

Japanese stocks plunged to their lowest since August, with the Nikkei down 2.75% on Friday, marking a 9% drop for the week. The index is now in bear market territory, down 20% from its peak in July. The banking index fell over 8% on Friday, recording a 20% decline for the week, its worst performance on record. The Topix closed down 3.3%, with a 10% drop for the week. The brutal selloff came after Trump announced steep tariffs, sparking fears of a global recession. Analysts warn of further declines due to uncertainties surrounding tariffs and a stronger yen.



Read more at Yahoo Finance: Japanese stocks in bear market as banks slump on tariff jitters