Tokyo stocks drop 3% in intraday trading amid Trump recession fears

Date:


TOKYO — Japanese stocks led losses in Asia during intraday trading Tuesday, but closed only modestly lower, following Wall Street’s market sell-off overnight amid worries about the possibility of a U.S. recession. 

The fall in Japanese stocks is “quite disappointing,” said Nicholas Smith, Japan equity strategist at CLSA. “Our big concern in Japan is that Japan is a highly geared play on global trade, and global trade looks rather bad.”



LEAVE A REPLY

Please enter your comment!
Please enter your name here

More like this
Related

U.S. Launches Broad Attack on Militant Sites in Yemen

The United States began to carry out large-scale...

Huge power outage in Cuba leaves millions in darkness | Business and Economy News

Latest grid collapse follows a string of nationwide...

Fear of Trump’s Tariffs Ripples Through France’s Champagne Region

French Champagne producers do nearly a billion dollars’...

Israel kills at least nine Palestinians, including journalists, in Gaza | Israel-Palestine conflict News

At least nine people, including three journalists, have...