Tokyo, Feb 3 (UNI) Tokyo stocks plunged on Monday as concerns over the impact of U.S. tariffs on the global economy led to a broad sell-off, particularly in auto stocks.
The benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, closed down 1,052.40 points, or 2.66 percent, to end at 39,572.49.
In a reaction to US President Donald Trump's decision to impose tariffs on Mexico, Canada, and China, short-term overseas investors sold stock index futures to hedge risks, further pressuring the Nikkei.