Japan's Nikkei Slides as US Tariffs, Stronger Yen Unsettle Market.
Japan's Nikkei fell on Tuesday, as markets were jittery about a trade war as fresh U.S. tariffs came into effect, while a stronger yen added to investors' concerns. The Nikkei dropped as much as 2.6% to its lowest level since September 18, before paring losses to finish down 1.2%. The broader Topix closed 0.7% lower at 2,710.18.
- The escalating trade tensions between the US and its key trading partners could have far-reaching consequences for global supply chains, particularly in industries that rely heavily on semiconductor chips.
- Will Japan's government be able to navigate this challenging economic landscape and maintain its economic growth trajectory amidst rising US tariffs and a stronger yen?