TOKYO — Japan’s commodity-related stocks have taken a beating out of fear that the looming trade war will lead to a global recession, sapping demand for items such as copper, oil and coal.
The market rout triggered by U.S. President Donald Trump’s sweeping tariffs was exacerbated on Monday after the president doubled down on his aggressive trade policy, with the Tokyo Stock Price Index (Topix) sector index for nonferrous metals dropping 13%.
