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.

Asian shares have skidded after worries about Big Tech investments and rising odds for an interest rate hike gave U.S. stocks their worst day since October.

The tech-heavy Nikkei 225 Stock Average dropped as much 4% as of 10:12 a.m. Tokyo time, its steepest decline since March 30. | World News