India, July 16 -- The Japanese market is trading sharply lower on Friday, extending the sharp losses in the previous session, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is tumbling 3 percent to below the 64,800 level, with weakness across most sectors led by financial and technology stocks.
The benchmark Nikkei 225 Index is down 2,039.66 points or 3.05 percent to 64,795.88, after hitting a low of 64,104.78 earlier. Japanese shares ended sharply lower on Thursday.
Market heavyweight SoftBank Group is tumbling almost 8 percent, while Uniqlo operator Fast Retailing is gaining more than 2 percent. Among automakers, Toyota is edging down 0.2 percent and Honda is losing almost 1 percent.
In the tech space, A...