Markets
Japan’s Nikkei drops 2% as tech stocks tumble
- The Nikkei was down 1.8% at 50,356.47 about 12 minutes into the trading day
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TOKYO: Japan’s Nikkei share average fell by as much as 2% early on Friday, with tech stocks tracking overnight declines for Wall Street peers as investors worried about sky-high valuations.
The Nikkei was down 1.8% at 50,356.47 about 12 minutes into the trading day.
The broader Topix lost 1% to 3,348.11.
Shares of artificial intelligence-linked companies led declines, with startup investor SoftBank Group sliding 6.7%, and chip-testing equipment maker Advantest dropping 3.8%.