Nikkei Falls 3.2% on Tech Selloff
The Japanese Nikkei index experienced its biggest drop in three weeks, falling by 3.16% to close at 65,326.42 points. The decline was influenced by decreases in technology stocks on Wall Street, rising oil prices, and increased yields on U.S. Treasury bonds. The local market also saw declines due to fears of rising interest rates and their impact on high-growth companies. A total of 179 stocks declined, while 45 stocks closed higher. Companies such as Furukawa Electric, Kyokushin Holdings, and SoftBank were among those affected.
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