Japan’s Nikkei slides as tariff concerns, Wall Street losses weigh

TOKYO: Japan’s Nikkei share average declined in early trade on Monday as tariff risks and losses across all three US stock indexes last week dragged on investor sentiment.

The Nikkei was down 0.3% at 38,684.12 as of 0005 GMT, while the broader Topix stumbled 0.2%.

Japan’s Nikkei tracks Wall Street higher

Amid news that US President Donald Trump will announce new 25% tariffs on all US steel and aluminium imports on Monday, Japanese steel makers fell around 1%. Nippon Steel was down 2%.