Tokyo, Feb. 3 -- 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.
Major automakers such as Toyota, Nissan, Honda, and Mazda saw declines due to concerns over the impact of tariffs on their earnings.
Despite the overall market decline, some individual stocks showed resilience. SoftBank Group and its...