Japanese Shares Track Wall Street Declines
2025-08-26 00:52
By
Jam Kaimo Samonte
1 min. read
The Nikkei 225 Index fell 1.3% to below 42,300, while the broader Topix Index lost 0.8% to 3,080 on Tuesday, snapping a two-day winning streak as Japanese equities mirrored overnight weakness on Wall Street.
The pullback came as investors took profits following last week’s rally.
Market sentiment was further pressured by trade tensions after US President Donald Trump reportedly threatened to impose “200% tariffs or something” on China if it failed to export rare-earth magnets to the US.
Reports also suggested Trump vowed to introduce “substantial” new tariffs and chip restrictions on countries with digital tax regimes.
On the domestic front, investors turned their attention to a series of economic releases due later this week, including industrial production, retail sales, and consumer confidence figures.
Notable decliners included Sanrio (-1.7%), Lasertec (-1%), Tokyo Electric Power (-3%), Toyota Motor (-1.2%), and Hotta Marusho (-16.9%).