Economy
Japanese Stocks Drop Over 3% in Morning Trading as Tech Shares Plunge
Japan's Nikkei index fell over 3% in Monday morning trading as investors sold off technology stocks after a sharp Wall Street decline late last week. The drop was driven by expectations that the Federal Reserve will raise interest rates in July to curb inflation. Asian markets broadly weakened, with Hong Kong's Hang Seng down 2.1% and South Korea's Kospi losing 2.5%.