Nikkei Tumbles 2.41% to 63,099, Snapping Three-Session Rally as Tech and Financials Slide

Japan's Nikkei 225 Index fell 1,560.40 points, or 2.41%, to 63,099.07 on Friday, ending a three-session winning streak after Wall Street's overnight decline. The benchmark hit an intraday low of 63,060.14. Technology and financial heavyweights led the selloff. Advantest plunged almost 9%, Screen Holdings nearly 8% and Tokyo Electron almost 5%, while SoftBank Group tumbled more than 6%. Mizuho Financial lost almost 3%. Fujitsu plummeted almost 16% and Ibiden more than 15%. Gainers included Konami Group, up more than 18%, and Oriental Land, up more than 7%. The Bank of Japan is expected to hold its benchmark rate at 1.25% at the conclusion of its policy meeting Friday. Retail sales rose 2.3% year-over-year in September, below the 3.3% consensus, while the unemployment rate edged down to 2.4%. The dollar traded in the lower 157-yen range.