Japan's Nikkei index fell over 2% on Friday as investors took profits, hit by a rout in major technology stocks after disappointing earnings reports. The broader global pressure on tech shares added to the sell-off, with the Nikkei closing 2.1% lower in its worst session in weeks.

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Japan's Nikkei index fell more than 2% during Friday's trading session as investors took profits following a recent rally. The main trigger was a steep decline in major technology stocks after they posted earnings reports that fell short of market expectations.

The Nikkei's slump came amid global pressure on technology stocks, with investors growing concerned over the sector’s growth outlook. Analysts said weaker-than-expected results from several big names in technology prompted a wave of selling across Japan’s stock market.

The Nikkei closed 2.1% lower, marking its worst session in weeks. Trading volume surged as investors rushed to unwind net-long positions placed earlier.

Source

english.kyodonews.net