(3 Feb 2025)
RESTRICTION SUMMARY:
ASSOCIATED PRESS
Tokyo – 3 February 2025
1. Wide of electronic board displaying stock trades, most of the company’s stocks down (displayed in green)
2. Japan’s benchmark Nikkei 225 index plunging
3. Camera operator in front of electronic board
4. Pan of individual stock movements, car manufacture Suzuki being in the only one up
5. TOPIX (Tokyo Stock Price Index), Nikkei 225 index and currency exchange rates displayed on board
6. Wide of Tokyo Stock Exchange’s interior
7. Stock prices going round on electronic display
8. Stock trade figures reflected on glass
9. Zoom out of Tokyo Stock Exchange logo on building
STORYLINE:
Asia shares mostly fell in Monday trading as worries continue to grow about President Donald Trump imposing tariffs on key U.S. trading partners.
Japan’s benchmark Nikkei 225 lost 2.4% in early trading to 38,612.96. Australia’s S&P/ASX 200 declined 1.8% to 8,376.30. South Korea’s Kospi dropped 2.9% to 2,443.57. Hong Kong’s Hang Seng dipped 1.4% to 19,942.54, while the Shanghai Composite also was lower but little changed at 3,250.60.
Analysts said Asian markets were bracing for volatility set off by a possible trade war escalation.
Wall Street ended last week lower, with the S&P 500 falling 0.5%. The Nasdaq composite dropped 0.3%. The indexes posted their first weekly loss in three weeks. The Dow Jones Industrial Average fell 0.8%.
Trump’s 25% tariffs on imports from Canada and Mexico and 10% tariffs on goods from China took effect Saturday. The selling in New York was broad, with about 75% of the stocks in the S&P 500 closing lower. Technology and energy companies accounted for a large share of the decline.
AP Video shot by Mayuko Ono
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