Nikkei falls 2.66% with fears of trade war – Observer

The main index of the Tokyo Scholarship, Nikkei, fell 2.66% on the session closure Monday, after the announcement of tariffs imposed on Canada, Mexico and China, by the Trump administration, provoke fears of a trade war.

Donald Trump officializes tariffs to Canada, Mexico and China. “We have to protect the Americans.” Canada and Mexico announce retaliation

Nikkei, who encompasses the 225 most representative actions in the marketdescended 1,052.40 points to 38,520.09.

The second Japanese indicator, the topix, lost 2.45% or 68.27 points to 2,720.39 points.

Donald Trump signed three executive orders on Saturday to impose 25% rates on the generality of imports from Canada and Mexico and 10% to imports from Chinawhich come into force this Tuesday. Canada oil imports will be taxed by 10%.

Automobile manufacturers performed on Monday a particularly weak performance on the Tokyo Stock Exchange, as many have production factories in Mexico.

A Toyota fell 5.01%, while the other two largest manufacturers in the country, Honda and Nissan, lost 7.2% and 5.63%respectively.

Losses were widespread among the ten most negotiated companies of the day, although the SoftBank telecommunications and investment group was able to resist the storm and advance 0.46%, after announcing shortly before the closing “Deep Research” (‘Deep Research’ ), a new tool for ChatgPT, among other joint projects with the American OpenAi.

In the main section, 1,470 companies devalued against 154 that wonwhile 15 closed without changes.

The turnover ascended to 5.56 billion of yen (about 34.95 billion euros).