The Nikkei index fell more than 2% dragged down by chip and electronic stocks.

The Nikkei 225 index in Japan fell by 2.15%. US tech stocks weakened overnight, causing the Japanese stock market to follow suit. Chip and other electronics stocks led the decline. Kakuyia fell by 11%, SoftBank Group's stock price fell by 10%, and Advantest fell by 8.6%. The US dollar is trading at 153.62 yen, compared to 153.55 yen at the close of the Tokyo stock market on Tuesday. Investors are closely watching corporate earnings and any developments in Prime Minister Takanori Nasae's economic measures. Toyota is expected to announce its performance later today.