Shares sink in Japan as a tech-driven retreat on Wall St drives selling of chip makers and exporters

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Shares sink in Japan as a tech-driven retreat on Wall St drives selling of chip makers and exporters
Nikkei 225 IndexBank Of JapanBenchmark Interest Rate
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TOKYO (AP) — Japan’s benchmark Nikkei 225 index has dropped nearly 6% in the worst day for Tokyo's market since the pandemic selloffs of 2020.

TOKYO — Japan ’s benchmark Nikkei 225 index has dropped nearly 6% in the worst day for Tokyo's market since the pandemic selloffs of 2020.

The declines followed a retreat on Wall Street after weak data raised worries the Federal Reserve may have missed its window to cut interest rates before it undercut economic growth. Apple shares held firm after results last night, unlike two other tech heavyweights following heavy selling of Intel and Amazon. Asia markets have fallen sharply and the FTSE 100 index is forecast to open lower after a weak session for US markets last night.

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