The Nikkei Stock Average in Tokyo experienced significant volatility over two trading days, influenced by U.S. tariff policies. On March 6, the Nikkei rose 286 yen to close at 37,704 yen, buoyed by a temporary reprieve from U.S. auto tariffs on Canada and Mexico. However, the market sentiment shifted the following day, with the Nikkei plummeting 817 yen to end at 36,887 yen on March 7, marking a six-month low. This sharp decline was attributed to ongoing uncertainty over U.S. trade policies and a stronger yen, which negatively impacted exporter stocks. Wall Street's strength on March 6 provided some initial support, but declines in chip-related stocks, such as Tokyo Electron down 1.16% and Advantest down 0.84%, limited overall gains. Shares of Fast Retailing rose 1.17%, while automakers Honda and Nissan increased by 2% and 1%, respectively. Heavy machinery makers Mitsubishi Heavy and Kawasaki Heavy saw significant gains of 10.79% and 7.29%, respectively. Conversely, cable makers Fukukawa Electric and Fujikura fell 3.47% and 1.75%. On the Tokyo Stock Exchange's prime market, 78% of stocks rose, 19% fell, and 1% traded flat. The broader Topix index also fell, closing down 1.56% at 2,708.59 points on March 7. The market was further pressured by concerns about potential interest rate hikes by the Bank of Japan, as well as a drop in U.S. stocks, particularly in the technology sector. The downturn in the Nikkei was exacerbated by declines in chip-related stocks, reflecting broader concerns about the global semiconductor industry. European shares also fell, with the Stoxx 600 down 1%, London's FTSE down 0.4%, and Germany's DAX down 1.5%. Amid the uncertainty, investors moved into safe-haven assets, pushing gold prices up to $2,922.16 per troy ounce and strengthening the Swiss franc. The pound rose to $1.2919, its highest since November, while the yield on German 10-year government bonds remained flat at 2.82%. U.S. futures were up, and Bitcoin traded near $89,230 after President Donald Trump signed an executive order establishing a government reserve of bitcoin. In Asia, other markets also felt the impact of U.S. tariff uncertainties. China reported slower than expected trade for January-February, with exports growing just 2.3% and imports sinking 8.4%. Hong Kong's Hang Seng index dropped 0.6%, while the Shanghai Composite index declined 0.3%. Australia's S&P/ASX 200 tumbled 1.8%, and South Korea's Kospi fell 0.5%. Taiwan's Taiex index declined 0.6%, while India's Sensex edged up 0.2%, and Bangkok's SET gained 0.9%. U.S. crude oil prices bounced back, gaining to $67.18 per barrel, and Brent crude advanced to $70.33 per barrel. The U.S. dollar weakened to 147.35 yen, influenced by expectations of a potential interest rate hike by the Japanese central bank due to rising labor costs. The euro rose to $1.0861 following a rate cut by the European Central Bank.