TOKYO () - 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.
At 0010 GMT, the Nikkei index had dropped by 1.7%, standing at 34,148.58, whereas the more extensive Topix decreased almost 2% to reach 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.
(Reported by Junko Fujita; Edited by Sherry Jacob-Phillips)