Global markets: Japan's Nikkei slumps, yen trades above 160 level on tech, Gulf concerns

Japan's Nikkei share average experienced its biggest drop in three months. The yen also weakened significantly against the dollar. Concerns over technology stock valuations and escalating Middle East hostilities impacted the market. This led to a sharp decline in Japanese equities. Investors are closely watching geopolitical developments and their economic consequences.

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