Nikkei index drops over 2% on firmer yen after Trump remarks

(4 Mar 2025)
RESTRICTIONS SUMMARY:

ASSOCIATED PRESS
Tokyo – 4 March 2025
1. Pull focus of Tokyo Stock Exchange’s logo reflected on glass
2. Japan’s benchmark stock index Nikkei 225 displayed on electronic board, showing drop of 537.30 points
3. Mid of electronic board
4. Tokyo Stock Exchange’s logo and trade figures reflected on glass
STORYLINE:
Japan’s Nikkei stock index briefly dropped over 2% Tuesday morning as the yen strengthened against the U.S. dollar.

At 10:30 a.m. in Tokyo, the 225-issue Nikkei Stock Average was down 858.33 points, or 2.27%, from Monday at 36,927.14.

Shares opened lower Tuesday in Asia after U.S. stocks fell sharply just before a new round of higher tariffs imposed by President Donald Trump.

Tariffs of 25% on Canada and Mexico were due to take effect early Tuesday. An extra 10% tariff is being imposed on China.

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