Tokyo stocks drop 3% in intraday trading amid Trump recession fears

Yen rises to highest point since October on safe-haven flows

20250311 nikkei average

Tokyo stocks were down sharply on Mar. 11 in the morning as investors grow wary of a possible U.S. recession. The Nikkei average closed down 0.6%. (Photo by Yutaka Miyaguchi)

LISA KIM

TOKYO -- Japanese stocks led losses in Asia during intraday trading Tuesday, but closed only modestly lower, following Wall Street's market sell-off overnight amid worries about the possibility of a U.S. recession.

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