Japan's two major stock indices in Tokyo fell sharply on the 3rd. The Nikkei 225 stock average closed down 2.66%, while the Tokyo Stock Exchange's stock price index fell 2.45%. As the US's move to impose tariffs on products from Mexico and other countries has exacerbated investor concerns, the market's risk aversion sentiment has increased, triggering a sell-off. Stocks on the TOPIX main board market fell across the board, with auto-related stocks bearing the brunt. Nissan Motor, which has a large production capacity in Mexico, saw its share price fall by more than 10% at one point, while Toyota Motor, Honda Motor and other companies' share prices also fell sharply. Nikkei heavyweights such as Fast Retailing and Advantest also fell significantly, dragging the broader market lower. From the perspective of sectors, 32 of the 33 industry sectors on the Tokyo Stock Exchange fell, with transport machinery, precision instruments, pulp and paper sectors leading the decline. Only the information and communications sector rose slightly.