Nikkei slides on US tech selloff, oil-driven rate fears By Rocky Swift
TOKYO: Japan’s Nikkei share average tumbled on Monday as a selloff in US technology stocks and rising oil prices fuelled concerns about inflation and higher interest rates. The benchmark Nikkei 225 fell 2.05% to 63,984.45 in early trading. The broader Topix s...
TOKYO: Japan’s Nikkei share average tumbled on Monday as a selloff in US technology stocks and rising oil prices fuelled concerns about inflation and higher interest rates. The benchmark Nikkei 225 fell 2.05% to 63,984.45 in early trading. The broader Topix slipped 1.22% to 4,016.34. The decline in Japanese equities followed a weak session on Wall Street on Friday, weighed down by losses in AI- and chip-related stoc...