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Nikkei 225 In Tokyo Extended YTD Losses to 6% Amid Tariff and Rate Path Uncertainties

Akira Ito
11 Mar, 2025
Tokyo

Stock market indexes in Tokyo extended losses following losses in overnight trading in New York.

The Nikkei 225 stock average decreased 0.5% and extended losses to 15% from the nine-month peak in July 2024.

The Topix fell more than 1% and extended losses to 10% over the nine-month period after domestic investors scaled back amid stretched valuation worries and rising trade tensions with the U.S.

Market sentiment deteriorated further in Tuesday's trading after the Cabinet Office lowered its economic growth estimate for the fourth quarter.

Japan's GDP growth in the fourth quarter was revised to an annual pace of 2.2% from the previous estimate of 2.8% after private consumption stalled and overwhelmed the rising spending by the government and businesses.

Japan's indexes extended weekly losses in Tuesday's trading following another down day in New York in overnight trading, amid growing fears of a sharp slowdown in economic activities driven by the Trump administration's trade policy uncertainty.

The tech-heavy Nasdaq Composite plunged 4%, and the broader and large-cap-focused S&P 500 index declined 2% in overnight trading.

The Nasdaq Composite is now in the correction territory after peaking in mid-February.

Japan Indexes and Stocks

The Nikkei 225 Stock Average declined 0.5% to 36,793.11, and the broader TOPIX index decreased 1.1% to 2,670.72.

The yen edged higher to 147.05 against the U.S. dollar, and currency traders held out for another rate hike late

Banks, vehicle makers, machinery exporters, and semiconductor equipment companies led the decliners in Tokyo.

Mitsubishi UFJ Financial Group dropped 1.4% to ¥1,893.0, IHI Corp. declined 1.2% to ¥10,150.0, Toyota Motor fell 2.6% to ¥2,754.50, Marubeni Corp. eased 1.4% to ¥2,370.50, and Tokyo Electron decreased 0.5% to ¥21,370.0.

China Indexes Trim 2025 Rally Amid Changing Global Economic Outlook

Li Chen
11 Mar, 2025
Hong Kong

Benchmark indexes in China and Hong Kong declined for the third consecutive session amid growing worries of a global economic slowdown.

The Hang Seng index fell nearly 1%, and the mainland-focused CSI 300 index decreased 0.5% as investors dialed down export-led economic growth and persistent weak consumer sentiment.

Investors worried that the Trump administration's chaotic administration of the U.S. economy is raising risks of an economic slowdown, shrinking global trade, and encouraging the Federal Reserve to keep higher interest rates for longer.

The sharp sell-off on Wall Street in overnight trading saw the tech-heavy Nasdaq plunge nearly 4%, and the broader S&P 500 index declined 2% and deepened 2025's losses.

Moreover, the gains in China's indexes also came to an abrupt halt this week, after the U.S. indexes extended losses in the fourth consecutive week.

Last month, the euphoria surrounding the success of DeepSeek, raised hopes that more companies will be able to accelerate the adoption of artificial intelligence, and provide a new revenue stream.

In addition, investors held out for additional stimulus measures after Beijing set an ambitious 2025 economic growth target of 5%.

Tech stocks led the decliners in Hong Kong following steep losses in New York.

China Indexes and Stocks

The Hang Seng index dropped 0.9% to 23,565.26 and the mainland-focused CSI 300 index declined 0.5% to 3,909.45.

Alibaba Group Holding decreased 1.6% to HK $132.40, JD.com dropped 2.4% to HK $158.40, and Tencent Holdings declined 0.8% to HK $512.50.

Longfor Group fell 1.1% to HK $10.74, China Vanke decreased 2% to HK $6.07, Henderson Land Development Company gained 0.9% to HK $22.80, and Sun Hung Kai Properties gained 0.5% to HK $76.75.

Two new companies started trading in China and attracted strong interest from investors.

Hanshow Technology soared 130% to 66.45 yuan, and the e-commerce software company sold 42.24 million shares in a public offering at a price of 27.50 yuan and listed its stock on the Shenzhen Stock Exchange.

Yong Jie New Material soared 130% to 47.12 yuan in Shanghai trading after the aluminum alloy plate and foil products company priced its public offering at 20.60 yuan per share.