Japan’s Nikkei falls 5% on Wall Street’s sharp decline

TOKYO: Japan’s Nikkei share average slumped 5% in early trade on Friday, tracking Wall Street’s sharp losses amid worries over uncertainty about the trade war’s potential economic fallout.As of 0012 GMT, the Nikkei was down 5.1% at 32,855.56. The broader Topix slipped 4.7% to 2,419.32.The Reuters Daily Briefing newsletter provides all the news you need to start your day. Sign up here.All three major U.S. stock indexes suffered steep losses overnight, forfeiting much of the previous session’s gains as growing concerns over the escalating Washington-Beijing trade face-off dampened optimism over upbeat economic data and U.S.-Europe trade negotiations. Japan’s Nikkei falls nearly 4% on slowdown fears as US tariffs kick in The Nikkei jumped 9% on Thursday after U.S. President Donald Trump declared an immediate 90-day tariff pause for many countries.On Friday, Uniqlo-brand owner Fast Retailing lost 3.87%. Chip-related stocks Tokyo Electron and Advantest slipped 5% and 7.5%, respectively.All of the Tokyo Stock Exchange’s 33 industry sub-indexes fell, with refiners falling 6.6% to become the worst performer.

TOKYO: Japan’s Nikkei share average slumped 5% in early trade on Friday, tracking Wall Street’s sharp losses amid worries over uncertainty about the trade war’s potential economic fallout. As of 0012 GMT, the Nikkei was down 5.1% at 32,855.

56. The broader Topix slipped 4.7% to 2,419.

32. The Reuters Daily Briefing newsletter provides all the news you need to start your day. Sign up here.

All three major U.S. stock indexes suffered steep losses overnight, forfeiting much of the previous session’s gains as growing concerns over the escalating Washington-Beijing trade face-off dampened optimism over upbeat economic data and U.

S.-Europe trade negotiations. Japan’s Nikkei falls nearly 4% on slowdown fears as US tariffs kick in The Nikkei jumped 9% on Thursday after U.

S. President Donald Trump declared an immediate 90-day tariff pause for many countries. On Friday, Uniqlo-brand owner Fast Retailing lost 3.

87%. Chip-related stocks Tokyo Electron and Advantest slipped 5% and 7.5%, respectively.

All of the Tokyo Stock Exchange’s 33 industry sub-indexes fell, with refiners falling 6.6% to become the worst performer..