Japan stocks fall amid concerns over impact from U.S. tariffs

Japan’s main stock indexes fell more than 2 percent on Monday, amid concerns over the negative impact on companies after U.S. President Donald Trump imposed tariffs on China, Canada and Mexico.

The Tokyo Stock Exchange reported that Japan’s Nikkei 225 index ended the session down 2.66 percent, or 1,052.40 points, to 38,520.09 points, while the broader Topix index closed down 2.45 percent, or 68.27 points, to 2,720.39 points. In the main first-tier market, the losers were transportation equipment, precision instruments and pulp and paper stocks. Automakers were hit hard because they have production bases in countries neighboring the United States, as concerns about escalating tariff measures dampened market sentiment. On the exchange rate front, the US dollar briefly rose to the upper 155 yen range in Tokyo.