Technology stocks dragged down the Nikkei index, causing its biggest decline in three years. Investors are also concerned about the Bank of Japan's interest rate hike. With the reversal of the rise in technology stocks driven by artificial intelligence and the increasing concern about the possibility of the Bank of Japan raising interest rates, the Nikkei 225 index in the Japanese stock market has entered a technical correction. The Nikkei 225 index closed down 3.3% on Thursday, the largest decline since June 2021; The index has fallen by about 10% compared to its all-time high level reached just two weeks ago. Renesas Electronics led the decline after releasing disappointing performance. The CSI index fell 3%, with export stocks such as Hitachi and Nissan falling. There is no doubt that the sharp decline in the Nikkei index today was dragged down by the decline in the US stock market, "said Tomo Kinoshita, a global market strategist at Jingshun Asset Management Japan." However, the possibility of the Bank of Japan raising interest rates at its July meeting has increased, leading to a significant appreciation of the yen, which has caused export-oriented stocks and stocks heavily reliant on borrowing to fall