TOKYO -- Japan's benchmark Nikkei Stock Average plunged nearly 4% on Friday as a surge in U.S. Treasury yields spurred a share sell-off across Asia, particularly in the technology sector.
Japan's Nikkei Stock Average plunged over 1,200 points, or 3.9%, on Friday, closing below the 29,000 mark. It is the biggest percentage drop since April 2020 and wiped out nearly 50% of the index's gains for this month. The broader Topix index fell more than 3%, while the Mothers index, which includes many startups, declined 2% to a nearly two-month low.
