TOKYO (Reuters) – Japan’s Nikkei share average fell in a broad sell-off on Wednesday, tracking Wall Street’s overnight declines amid worries about slowing growth as hopes for U.S. tariff concessions faded.
As of 0016 GMT, the Nikkei index had fallen 3.1% to 32,010.93. The broader Topix lost 3% to 2,360.32.
The S&P 500 sold off sharply on Tuesday to close below 5,000 points for the first time in almost a year, reversing a strong morning rally as investor hopes faded for any U.S. delays or concessions on tariffs ahead of a midnight deadline. [.N]
In Japan, technology stocks led the decline, with chip-testing equipment maker Advantest down 9% and chip-making equipment maker Tokyo Electron down 4.85%.
Technology investor SoftBank Group fell 5.96%.
(Reporting by Junko Fujita; Editing by Tom Hogue)
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