Business

Japan's Nikkei falls to track Wall Street amid growth worries

Japan's Nikkei plunged 3.1% to 32,010.93, mirroring Wall Street's downturn amid growth concerns and fading hopes for U.S. tariff relief. The broader Topix also declined by 3%. Technology stocks spearheaded the sell-off, with Advantest and Tokyo Electron experiencing significant drops, alongside a notable fall in SoftBank Group shares.

Japan's Nikkei share average fell in a broad sell-off on Wednesday, tracking Wall Street's overnight declines amid worries about slowing growth as hopes for U.S. tariff concessions faded.

As of 0016 GMT, the Nikkei index had fallen 3.1% to 32,010.93.

The broader Topix lost 3% to 2,360.32. 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 decline, with chip-testing equipment maker Advantest down 9% and chip-making equipment maker Tokyo Electron down 4.

85%. Technology investor SoftBank Group fell 5.96%.

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