Nikkei Crashes as Tech Stocks Collapse—Global Market Faces Chaos

 

Japan's Nikkei index tumbled 3.1% following a devastating sell-off, reflecting deep global market fears. The fall was triggered by fading hopes for U.S. tariff concessions, amplifying concerns over economic uncertainty. Technology stocks took the hardest hit, with major players like Advantest dropping 9%, Tokyo Electron falling 4.85%, and SoftBank Group losing nearly 6%. This sharp decline mirrored the previous day’s chaotic trading on Wall Street, where the S&P 500 dropped below 5,000 points, the lowest in nearly a year. As the U.S. nears a critical trade deadline, the markets have reacted violently, with the technology sector, reliant on global trade, facing the brunt of the turmoil. Despite a slight recovery later in the day, the market remains on edge, with investors closely watching the U.S. for further developments. The question remains whether this is just a temporary correction or the beginning of a more significant downturn.
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