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Japan Stocks Open Lower After Wall Street Tech Selloff

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Japanese equities opened Monday's trading lower as rising expectations of prolonged high U.S. interest rates triggered Wall Street's AI selloff.

The Nikkei 225 fell 640.6 points or nearly 1% to open at 65,947.56.

At home, Japan's economy expanded at an annualized rate of 1.8% in the first quarter, according to Cabinet Office data released on Monday.

Market participants are also raising bets on a potential interest rate increase by the Bank of Japan at its upcoming policy meeting next week, as the nation faces inflationary pressures.

Elsewhere, Middle East hostilities escalated following Iran's missile launches toward Israel.

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