TOKYO, Nov. 27 (Xinhua) -- Tokyo stocks extended declines on Wednesday as investor sentiment was weighed by concerns over trade protectionist policies signaled by U.S. President-elect Donald Trump and a stronger yen against the dollar.
The benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, dropped 307.03 points, or 0.80 percent, to close at 38,134.97.
Trump, who will serve a second presidential term starting January 2025, threatened on Monday to impose additional tariffs on imports from some countries, raising fears of renewed trade tensions.
Shares of exporters, including automakers like Toyota and Honda, fell sharply. Semiconductor-related stocks, such as Advantest, also saw significant declines.
The yen appreciated to the mid-152 range against the dollar from 154 yen the previous evening, further pressuring export-oriented stocks.
The broader Topix Index also fell, losing 24.21 points, or 0.9 percent, to close at 2,665.34.
The Tokyo Stock Exchange's Prime section saw decliners outnumbered gainers by 1,354 to 270. ■