Nikkei Plunges Nearly 2% Amid Hawkish Federal Reserve Comments

Japan's Nikkei share gauge plummeted nearly 2% on Monday as investors responded to hawkish comments from the Federal Reserve.

The benchmark Nikkei 225 fell 1.97% to 65,096.63 in early trading, while the broader Topix slipped 0.84% to 4,111.71.

This decline follows last week's downturn on Wall Street after Federal Reserve Chair Kevin Warsh emphasized the central bank's focus on combating inflation and hinted at potential interest rate hikes.