Japanese market down 2.4% as Nikkei 225 falls below 33,900 on negative cues from Wall Street

From Nasdaq: 2025-04-03 21:31:00

The Japanese market is down 2.4% with the Nikkei 225 falling below 33,900 due to negative cues from Wall Street. Heavyweights like SoftBank Group and Fast Retailing are losing, while automakers like Toyota and Honda are down over 5%. In the tech sector, Advantest and Tokyo Electron are tumbling over 3%, and in banking, Sumitomo Mitsui Financial and Mizuho Financial are down over 9%. On the flip side, Mitsui Fudosan, Sumitomo Pharma, and Nitori Holdings are gaining over 5%. Wall Street also saw a significant drop, with the Nasdaq and S&P 500 hitting their lowest levels since August.

Crude oil prices fell sharply, dropping 6.6% to $66.95 a barrel after the U.S. tariffs were implemented and OPEC announced an increase in output.



Read more at Nasdaq: Japanese Market Sharply Lower; Down 2.4%