Japan's Nikkei falls 2% to track Wall Street's sharp declines

Daikin Industries

11/03/2025 24:21

TOKYO, March 11 (Reuters) - Japan's Nikkei share average fell 2% on Tuesday, tracking sharp overnight losses of Wall Street, with technology stocks leading the declines.

By 0012 GMT, the Nikkei .N225 was down 2% at 36,285.01, near its lowest level since September 18.

The broader Topix .TOPX fell 1.86% to 2,649.64.

U.S. stocks plunged on Monday as relentless tariff wrangling and mounting anxieties from a possible federal government shutdown gave rise to fears that the U.S. economy could be careening into recession. .N

In Japan, chip-related stocks fell, with Advantest 6857.T and Tokyo Electron 8035.T slipping 2.86% and 2.82%, respectively. Technology investor SoftBank Group 9984.T fell 4.19%.

Uniqlo-owner Fast Retailing 9983.T lost 2.78%.

Air-conditioner maker Daikin Industries 6367.T rose 1.56% to provide the biggest support to the Nikkei. Soy sauce maker Kikkoman 2801.T edged up 0.3%.

 (Reporting by Junko Fujita; Editing by Tom Hogue)

 ((junko.fujita@thomsonreuters.com;))