Japan's Nikkei tumbles tracking Wall Street's sharp losses

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Japan's Nikkei tumbles tracking Wall Street's sharp losses

, Reuters - 8:25 PM ET 3/30/2025 default

TOKYO, March 31 (Reuters) - Japan's Nikkei share average tumbled on Monday in a broad sell-off following Wall Street's sharp declines in the previous session, amid worries about an economic slowdown.

By 0010 GMT, the Nikkei was down 3.3% at 35,911.79, falling below 36,000 level for the first time since March 11.

The broader Topix fell 3.19% to 2669.9.

Wall Street stocks ended sharply lower on Friday, with selloffs in tech giants such as Amazon and Microsoft, after U.S. data stoked fears of weak economic growth and high inflation as the Trump administration ratchets up tariffs.

In Japan, Uniqlo-brand owner Fast Retailing ( FRCOF ) lost 3.1%. Chip-related Tokyo Electron ( TOELF ) and Advantest ( ADTTF ) slipped 5.34% and 6.14%, respectively.

All of the Tokyo Stock Exchange's 33 industry sub-indexes fell, with the insurance sector lost 4.5%. (Reporting by Junko Fujita)

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