URGENT: Nikkei down 3% as tech selling, strong yen drive further losses

Economy

Japan’s Nikkei stock index briefly fell more than 3 percent on Monday afternoon, as weak technology issues that tracked falls in their U.S. counterparts and a stronger yen hurt investor sentiment.

At 2 p.m., the 225-issue Nikkei Stock Average fell 1,142.30 points, or 2.88 percent, from Friday to 38,546.64. The broader Topix index was down 83.92 points, or 3.08 percent, at 2,642.88.

Kyodo News

Kyodo News