Japanese Shares Fall 2.9% as Tech Selloff Deepens
Japan’s Nikkei 225 fell 2.9% to around 65,500 and the Topix dropped 2.4% to 4,040 as semiconductor and other technology stocks led a second straight session of declines.
4% to 4,040 on Wednesday, with Japanese shares sliding for a second consecutive session as the selloff in semiconductor and other technology stocks intensified. Local equities also tracked losses on Wall Street overnight, where AI-linked chipmakers came under heavy selling pressure. Meanwhile, elevated global bond yields and rising oil prices further dampened investor sentiment, with Japan’s 10-year bond yield climbing to 30-year highs this week. 4%).
Financial and consumer stocks also fell, with Mitsubishi UFJ losing 4% and Toyota Motor dropping 2%.