Japan’s Nikkei Ends at 8-week Low on US Peers’ Weakness (Update 1)

TOKYO (Reuters) – Japan’s Nikkei share average fell nearly 2% on Tuesday to close at an eight-week low as technology stocks tracked the overnight declines on Wall Street.

The Nikkei fell 1.94% to 38,471.20, its lowest close since Feb. 21. The index lost as much as 2.3% during the session.

The broader Topix lost 2.04% to 2,697.11.

“Japanese stocks tracked overnight U.S. equities lower,” Shuutarou Yasuda, a market analyst at Tokai Tokyo Intelligence Laboratory said.

U.S. stocks closed sharply lower due to a jump in…