Nikkei slides as Manufacturing PMI declines again in March; Wall Street rallies on more tariff flexibility - Mon 24 Mar 2025

Nikkei 225 Summary
Nikkei slides as Manufacturing PMI declines again in March; Wall Street rallies on more tariff flexibility - Mon 24 Mar 2025

Sumitomo Realty & Development Co. (+10.52%) leads gainers after hedge fund Elliott Investment Management built a significant stake and held a meeting with the company's management on improving shareholder returns.

Banks and chipmakers lead losers after Japan's March Manufacturing Flash PMI showed a decline to 48.3 in factory activity from 49.0 in February. Japan's factory activity has been contracting for 9 straight months.

Meanwhile, Wall Street rallies after President Trump hinted at more flexibility with impending tariff plans.

Nikkei225  37,608.49 (-68.57 -0.18%) 75 up 145 down 5 flat

JGB 10YR   1.551% (+0.026)                

USD/JPY    150.18 (+0.87 +0.58%)


 

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