Japan's Nikkei tumbles more than 4% on Trump's tariffs
The Nikkei (.N225), opens new tab slumped as much as 4.6% in early trading, dropping to 34,102.00 for the first time since August 7.
Of the Nikkei's 225 components, 217 were in the red, while just eight showed gains as of 0020 GMT, 20 minutes into the trading day.
Banks (.IBNKS.T), opens new tab were the worst performers among the Tokyo Stock Exchange's 33 industry groupings, sliding 6%, as a sharp decline in bond yields at home and abroad darkened the outlook for income from lending and investing.
The bourse's automaker sub-index (.ITEQP.T), opens new tab dropped 3.3%, with additional tariffs on car exports to the U.S. set to go into effect later on Thursday.
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