Analyst fears global recession as Japan markets drop 5.6% and China-US trade war escalates

(11 Apr 2025)
RESTRICTIONS SUMMARY:

ASSOCIATED PRESS
Tokyo, Japan – 11 April 2025
1. Wide of electronic board showing the opening of Tokyo Stock Exchange, zoom into Japan’s benchmark stock index Nikkei 225
2. SOUNDBITE (English) Takashi Hiroki, Chief Strategist at Monex:
"US President (Donald) Trump announced that he will allow the temporary suspension, 90 days suspension of the additional part of tariffs. That has just been implemented on that day – 9 April. In response to that, Dow Jones (Industrial) Average recorded its historical high, (their) largest gain. Nikkei Stock Average also rebounded with a significant increase. However, again, today the market declined sharply. In that sense the market is still in turmoil. The reason is because the fundamental problem has not changed at all."
3. Camera operators filming board showing stock trades
4. Stock prices for Japanese automobile companies in green (negative)
5. SOUNDBITE (English) Takashi Hiroki, Chief Strategist at Monex:
"What’s more, the tariff war in China is escalating. This is the real problem. So the market is concerned that the trade war between the world’s two largest economy powers – the US and China – will cause a global economy to fall into recession. This is the real concern."
6. Various of stock trades displayed as ticker
7. Tokyo Stock Exchange’s logo and stock trade figures reflected on glass
STORYLINE:
Asian shares sank Friday after U.S. stocks gave up much of their historic gains from the day before.

The deepening worries over US President Donald Trump’s trade war initially helped pull Japan’s Nikkei 225 share index down 5.6%.

By mid-morning in Tokyo, it was down 4.7% at 32,969.95.

Takashi Hiroki, Chief Strategist at Monex Group, fears for a global recession triggered by the trade war between the world’s two largest economic powers.

"This is the real concern", he told the Associated Press.

AP video by Mayuko Ono

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