Tokyo stocks plummeted on Wednesday morning following a broad selloff on Wall Street overnight. The benchmark Nikkei 225 fell more than 1,500 points at one point, or about 4%.
The Dow Jones Industrial Average lost more than 600 points on Tuesday, or 1.5% from the previous session. It was briefly down more than 780 points.
The tech-heavy Nasdaq was more than 3% lower.
Shares of AI heavyweight Nvidia tumbled 9.5%. The company lost $279 billion in market value, the most ever for a U.S. company on a single day.
Semiconductor-related shares in Tokyo were sold off as well.
US manufacturing data also came in weaker than expected, raising concerns about the US economy and fueling the selloff in Japanese shares.