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3d ago

Trump’s Canadian Tariffs Push Yen Down and Send Nikkei Lower

The 35 percent Canadian import duties prompted profit-taking after the Nikkei hovered near 40,000.

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Overview

  • The Nikkei 225 slid 76.68 points to 39,569.68, marking its second straight day of losses.
  • Fast Retailing shares plunged sharply, weighing heavily on the price-weighted index.
  • The TOPIX gained 10.90 points to 2,823.24 and the equal-weighted Yomiuri 333 rose 141.54 to 36,466.77 on broad buying.
  • The yen slid to around ¥146.85–87 per dollar after the White House announced 35 percent duties on Canadian imports.
  • In New York trading, the Dow dropped 279.13 points to 44,371.51 and the Nasdaq lost 45.13 points as traders worried about the impact of higher tariffs.