Tokyo stocks fell sharply on Tuesday as the market was pressured by concerns over the U.S. administration’s tariff hikes and the yen’s appreciation against the dollar.
The benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, closed at 37,331.18, down 454.29 points, or 1.2 percent from the previous day.
The yen briefly strengthened to 148 per dollar, leading to declines in major automakers such as Toyota, Mazda, and Honda over concerns about worsening export profitability.
The Tokyo Stock Price Index (TOPIX) also fell, closing at 2,710.18, down 19.38 points, or 0.71 percent.
On the Tokyo Stock Exchange Prime Market, declining stocks numbered 1,069, while 513 advanced, and 56 remained unchanged.
