(Adds comments, update stock prices)
TOKYO, April 9 (Reuters) - Japan's Nikkei share average
fell in a broad sell-off on Wednesday, tracking Wall Street's
overnight declines on worries about slowing growth as the trade
war between the United States and China intensified.
The Nikkei index fell 2.62% to 32,147.04 by the
midday break, recovering from an earlier drop of nearly 4%.
The broader Topix fell 2.1% to 2,380.84.
The index swung wildly this week, closing 6% higher on
Tuesday, following a 7.8% decline on Monday that sent the index
to a 1-1/2-year low.
"Investors are uncertain about how much further the Nikkei
could fall. They are trying to find where the bottom is," said
Hiroyuki Ueno, chief strategist at Sumitomo Mitsui Trust Asset
Management.
"But the Nikkei had fallen enough to a level that looks
cheap this week. The market is now monitoring if the index could
fall below Monday's low."
The United States will impose 104% duties on China soon,
driving up concerns about slowing growth and higher inflation
that have pummelled global stocks since last week.
The S&P 500 sold off sharply on Tuesday to close below 5,000
points for the first time in almost a year, reversing a strong
morning rally as investor hopes faded for any U.S. delays or
concessions on tariffs ahead of a midnight deadline.
In Japan, technology stocks led the Nikkei's losses, with
chip-testing equipment maker Advantest ( ADTTF ) falling 6.64%
and chip-making equipment maker Tokyo Electron ( TOELF ) down
4.12%.
Technology investor SoftBank Group fell 5.96%.
The yen's gain against the dollar weighed on exporters. The
Japanese currency rose to as high as 145.13 yen to the
dollar on safe-haven bets.
A stronger Japanese currency tends to hurt shares of
exporters, as it decreases the value of overseas profits in yen
terms when firms repatriate them to Japan.