Japan's Nikkei is down over 1% as the Wall Street tech selloff rattles markets. Tech beta is setting the global risk tone right now, so watch whether US futures stabilize before calling this a dip.

What happened: Japan's Nikkei 225 fell in early trading, tracking a US tech selloff after the Nasdaq Composite and S&P 500 declined on Thursday. Key numbers: Nikkei 225 down 1.71% to 61,832.66; Topix down 1.26% to 3,947.11; Nasdaq Composite fell 2.6%; S&P 500 lost 1.21%; Nvidia fell about 4%; Meta Platforms dropped 7%; Tesla declined 3.1%; 120 Why it matters: The decline reflected broader concerns about the sustainability of the technology rally, as investors reassessed AI-related investments and shifted toward less volatile parts of the market such as consumer staples and healthcare.

Nikkei drops over 1% as Wall Street tech selloff rattles markets.

Nikkei drops over 1% as Wall Street tech selloff rattles markets. — impact context not separately stored; see What changed.