Japan's Nikkei index continued its sharp decline, recording a drop of more than 4% in trading on June 3, 2026. The main cause was identified as the ongoing wave of tech stock selling showing no signs of abating.
According to Kyodo News, this came after the market was pressured by a significant correction in technology stocks in previous sessions. Investors continued to exit tech stocks, causing the Nikkei to lose further ground.
During the session, the index briefly touched a decline of over 4%, reflecting a pervasive bearish sentiment. The sell-off occurred amid investor concerns about the growth outlook for the global tech sector and a focus on upcoming economic data.
Analysts noted that the selling spree could continue in the short term unless positive support emerges from international markets. Japan is currently experiencing heightened volatility in its stock market.
