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Japan's Nikkei index sinks nearly 3,000 points on global trade conflicts fears

0 Comment(s)Print E-mail Xinhua, April 7, 2025
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TOKYO, April 7 (Xinhua) -- Tokyo stocks plunged early Monday with the benchmark Nikkei index briefly losing nearly 3,000 points amid growing fears of a global trade conflict triggered by U.S. tariffs.

In the first 15 minutes of trading, Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, shed 2,843.48 points, or 8.42 percent, from Friday to 30,937.10, the lowest intraday level since October 2023.

The broader Topix index, meanwhile, was down 215.40 points, or 8.68 percent, at 2,266.66.

The circuit breaker was triggered for Nikkei stock futures, temporarily halting trading due to the sharp fall.

The circuit breaker system calls for a 10-minute pause in trading when the widely traded Nikkei 225 futures product is poised to rise or fall more than 8 percent. Enditem

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