TOKYO -- Benchmark stock indexes in Asia continued to fall on Friday, after U.S. President Donald Trump's reciprocal tariffs swept trillions of dollars in market capitalization from Japanese, European and U.S. markets in one day.
Investors are moving their money out of riskier and more volatile assets to safer, more stable ones. Stocks are seen as risky assets. In Tokyo, the benchmark Nikkei Stock Average dropped more than 1,400 points, or 4%, from the previous day's close at one point to 33,259.76, its lowest point, intraday, since Aug. 6, 2024. Shares in Tokyo ended the day 2.8% lower. This follows a 2.8% loss on Thursday.
