37 days ago • Posted by William Ramstein
Nikkei 225 falls 3% as inflation fears coerces a tech selloff
The Nikkei 225 Stock Average slid more than 3% in its worst drop since Feb. 26, with SoftBank Group Corp. and Tokyo Electron Ltd. the largest contributors. Electronics and telecommunications were among the biggest drags on the Topix, with 32 of its 33 industry groups in the red. Panasonic Corp. highlighted stocks that declined after disappointing earnings forecasts.