Market Updates
Japan's Nikkei Extended Losses Second Consecutive Session, Shiseido and Yokohama In Focus
Akira Ito
20 Feb, 2025
Tokyo
Stock market indexes in Tokyo closed down on Thursday, extending losses in the previous session amid worries of additional U.S. tariffs on Japanese exports.
The Nikkei 225 stock average decreased 1.2%, and the broader TOPIX fell 1.3% amid new tariff headwinds.
Stock market indexes headed lower for the second consecutive day after the U.S. president proposed to impose additional tariffs on key Japanese industries and pillars of exports—automobiles, pharmaceuticals, and semiconductor products.
Market sentiment was defensive ahead of the release of inflation data on Friday, and investors are estimating that consumer price inflation has accelerated in January, setting the stage for another rate increase in March.
Japan Indexes and Stocks
The Nikkei 225 Stock Average decreased 1.2% to 38,678.04, and the broader TOPIX dropped 1.3% to 2,734.60.
Shiseido decreased 0.1% to ¥2,667.0 and trimmed the previous session's surge of 12% after the London, UK-based Independent Franchise Partners acquired a 5.2% stake in the company.
Hino Motors decreased 5.7% to ¥482.0,
Yokohama Rubber fell 6.6% to ¥3,352.0, despite the company reporting record results and lifting its 2025 sales outlook.
Yokohama estimated 2025 global sales to increase 11% to $7.74 billion. and 2.7% rise in business profit of $876.2 million.
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