TOKYO - Tokyo stocks tumbled sharply on June 8th, with the Nikkei Stock Average falling more than 3,100 points at one stage of morning trading as investors rushed to sell technology shares following a steep decline in U.S. markets at the end of last week.
The benchmark index briefly dropped below the 64,000 level for the first time in two weeks since May 25th. The decline ranked as the fourth-largest intraday point drop in the history of the Nikkei.
Selling pressure intensified across artificial intelligence-related and semiconductor stocks after weakness in U.S. high-tech shares fueled concerns over the sector's outlook. The broad-based sell-off weighed heavily on the Tokyo market, pushing the benchmark index sharply lower as trading progressed.
Market participants continued to monitor developments in global technology stocks, with concerns over valuations and investor sentiment contributing to heightened volatility.
Source: Kyodo














