JAPAN’S NIKKEI PLUNGES 3.5% AS FED RATE HIKE FEARS GROW

JAPANESE STOCKS TUMBLED AFTER HOTTER-THAN-EXPECTED U.S. INFLATION FUELED EXPECTATIONS OF HIGHER INTEREST RATES.

THE NIKKEI FELL 3.5%, LED BY SHARP LOSSES IN AI STOCKS: SOFTBANK -7.9%, ADVANTEST -7.3% AND TOKYO ELECTRON -5.8%.

RISING RATE FEARS ARE PUTTING RENEWED PRESSURE ON GLOBAL TECH STOCKS. ...