Japan Tech Shares Drop on Tariff Fears, Singapore Chip Probe
Shares of Japanese tech and chip-related firms fell as investors braced for an escalation in the global trade war, ahead of Donald Trump's expected imposition of tariffs on Canada, Mexico and China.
Semiconductor equipment maker Advantest dropped as much as 9% to its lowest price since October, with fellow chip names Renesas, Disco and Kokusai Electric falling over 6%. SoftBank Group Corp. lost as much as 5.9% in early Tokyo trade. Data center cable makers Fujikura and Furukawa Electric also fell sharply.
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