Nikkei extends losses, down over 4%, as selling of tech issues continues
The Nikkei stock index dropped nearly 4% as investors sold off technology and semiconductor shares to lock in profits. Market sentiment was further pressured by rising geopolitical tensions in the Middle East and concerns over inflation.
Why it matters
Significant volatility in the Japanese stock market reflects global investor anxiety regarding interest rate policies and geopolitical instability.
TOKYO (Kyodo) -- Tokyo stocks plunged on Monday, with the Nikkei stock index shedding more than 4 percent at one point, as investors sought to lock in gains from recent sharp rises in heavyweight technology shares.
The article reports market movements and analyst commentary in a standard financial news format.
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