Japan's Nikkei falls to track Wall Street amid growth worries
Japan's Nikkei falls to track Wall Street amid growth worries
Published by Global Banking and Finance Review
Posted on April 9, 2025
Published by Global Banking and Finance Review
Posted on April 9, 2025
TOKYO (Reuters) - Japan's Nikkei share average fell in a broad sell-off on Wednesday, tracking Wall Street's overnight declines amid worries about slowing growth as hopes for U.S. tariff concessions faded.
As of 0016 GMT, the Nikkei index had fallen 3.1% to 32,010.93. The broader Topix lost 3% to 2,360.32.
The S&P 500 sold off sharply on Tuesday to close below 5,000 points for the first time in almost a year, reversing a strong morning rally as investor hopes faded for any U.S. delays or concessions on tariffs ahead of a midnight deadline. [.N]
In Japan, technology stocks led the decline, with chip-testing equipment maker Advantest down 9% and chip-making equipment maker Tokyo Electron down 4.85%.
Technology investor SoftBank Group fell 5.96%.
(Reporting by Junko Fujita; Editing by Tom Hogue)
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