Tokyo: The Japanese Nikkei index fell today to its lowest level in more than seven months, as investors sold technology company shares after Wall Street plunged sharply last night. The Nikkei declined 3.2 percent to 48,702.98 points at the close, marking its largest daily drop since April 9. The broader Topix index slipped 2.9 percent.

According to Oman News Agency, the sharp decline in the Nikkei index reflects the impact of significant losses in the technology sector, following a similar downturn in the US markets. This movement has prompted investors to reassess their positions amid growing concerns about the global economic outlook.

Investors were particularly concerned about the performance of major technology firms, which have been experiencing volatility due to a combination of factors, including changes in consumer demand and regulatory challenges. The broader market sentiment was also influenced by geopolitical tensions and economic policy uncertainties.

The decline in the Topix index, which reflects a wider range of Japanese companies beyond the technology sector, further underscores the market's reaction to global economic signals. This broader index slipped 2.9 percent, indicating widespread caution among investors across various sectors.