The main index of the Tokyo Stock Exchange, the Nikkei, opened the session on Tuesday with losses greater than 1%, after President Donald Trump said that 25% tariffs to Mexico and Canada will take effect as planned, which will seriously impact the Japanese motor sector.
After the first half hour of negotiation, the Nikkei, which groups the 225 most representative titles in the market, lowered 1.33% to 37,284.50 integers.
The broader selective Topix, which includes the firms of the main section, the largest capitalization, retreated 0.59% to 2,713.38 units.
The Tokyota bag fell to 1.4% in the first bars of the session before cutting certain losses, after President Trump confirmed in previous hours that the new taxes higher to imports of their American neighbors will enter into force on Tuesday, as he had pointed out.
Lee: Weight depreciated after Trump reiterated that tariffs start on Tuesday
This development is expected to have an especially significant impact among Japanese automobile manufacturers, which have their main production plants oriented to the US market, the largest for them in those countries.
The United States is Japan’s second largest commercial partner and most of its exports to that country are vehicles.
The mining sectors, that of non -ferrous metals and that of transport concentrated the main falls in the opening.
The Toyota vehicle manufacturer, world leader of the sector by sales volume and value of greater capitalization in Tokyo, fell around 1.5% in the start.
Lee: Tuesday will start 25% tariffs to Mexico and Canada: Trump
The other two largest Japanese automobile companies, Honda and Nissan, lost more than 2% the first and around 1.4% the second.
Among the 10 most negotiated companies in the opening in the Japanese square were some large companies linked to the semiconductor sector, another of which will be most impacted by Trump’s commercial war.
Among them were equipment manufacturers oriented to the production of Disco Chips, Advantest and Tokyo Electron, which fell around 4.5%, more than 7%and about 2%, respectively.
With EFE information
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