Japanese Market Sharply Lower, Nikkei 225 Tumbles 3%

Price Action

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Summary · why it matters

The Japanese market is trading sharply lower on Friday, with the Nikkei 225 tumbling 3 percent to below the 64,800 level. The benchmark index is down 2,039.66 points or 3.05 percent to 64,795.88, after hitting a low of 64,104.78 earlier. Weakness is seen across most sectors, led by financial and technology stocks, with SoftBank Group tumbling almost 8 percent and Advantest tumbling more than 8 percent. Among major losers, Kioxia Holdings is plummeting almost 14 percent, while Taiyo Yuden is plunging more than 11 percent. The U.S. dollar is trading in the lower 162 yen-range.