Japan's Nikkei tracks Wall Street lower on global recession fears

Japan's Nikkei share average fell on Friday, following sharp overnight losses on Wall Street, as concerns over U.S. President Donald Trump's sweeping tariffs sparked fears of a potential global economic recession.

As of 0010 GMT, the Nikkei index was down 1.7% at 34,148.58, while the broader Topix fell nearly 2% to 2,518.39.

Wall Street benchmarks slumped on Thursday, ending with the largest single-day percentage losses in years, as Trump's sweeping tariffs ignited fears of an all-out trade war and a recession.


In Japan, chip-related shares fell on Friday, with Advantest and Tokyo Electron down 7% and 4%, respectively.

All but four of the Tokyo Stock Exchange's 33 industry sub-indexes dropped, with the banking index losing 6.4 to become the worst performer.