Tokyo Stocks Decline as Investors Exercise Caution Over U.S. Tariffs

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Tokyo: Tokyo stocks ended lower Monday as investors took a wait-and-see stance after U.S. President Donald Trump said letters with new unilateral rates will be sent to some countries this week. Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended down 223.20 points, or 0.56 percent, from Friday at 39,587.68.

According to Namibia Press Agency, the broader Topix index finished 16.23 points, or 0.57 percent, lower at 2,811.72. On the stock market, many investors refrained from trading actively amid uncertainty over whether Japan is among the countries the letters are to be sent to this week, with a pause on so-called reciprocal tariffs set to expire on July 9.

On Friday, Trump mentioned he had signed letters to about a dozen countries outlining tariff levels on goods exported to the United States.