Nikkei drops 2% as tech jitters build

The Nikkei 225 shed 2% to 49,305 points, while the broader Topix index was down 1.7%. (AFP pic)

TOKYO: Japan’s benchmark stock index dropped 2% early today, tracking declines in other global markets as traders awaited key earnings reports, including from chip giant Nvidia.

The Nikkei 225 shed 2% to 49,305 points, while the broader Topix index was down 1.7%.

The selling followed losses on Wall Street, fuelled by concerns that the US Federal Reserve could hold off on further rate cuts this year.

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