Tokyo, Seoul stocks drop on US tariffs

People walk in front of an electronic stock board showing Japan's Nikkei index at a securities firm Monday, Feb. 3, 2025, in Tokyo. (AP Photo/Eugene Hoshiko)

TOKYO: Shares in Tokyo and Seoul fell more than two per cent in early trade on Monday (Feb 3) in response to US President Donald Trump's sweeping trade tariffs on Canada, Mexico and China.

Tokyo's benchmark Nikkei index fell 2.70 perent or 1,067.17 points to 38,505.32, while the broader Topix index lost 2.47 per cent or 68.87 points to 2,719.79.