Tokyo: Japan's Nikkei slumped sharply on Wednesday, tracking a sharp sell-off in technology shares on Wall Street overnight. The benchmark Nikkei 225 fell 2.97% to 65,459.71 in early trading. The broader Topix slipped 2.72% to 4,027.56.

According to Emirates News Agency, the decline in Japanese stocks was influenced by the technology sector's poor performance in the United States, which set off a ripple effect on global markets. The downturn highlights the interconnectedness of global financial markets and the impact of U.S. market trends on international indices.

Market analysts are closely watching the developments, as investors react to the volatility in tech stocks. This sell-off has raised concerns about the stability of the technology sector, which has been a significant driver of market growth. The situation continues to evolve as traders assess the implications for future market movements.