Japan's Nikkei drops 2% as tech stocks tumble

A screen displays the Nikkei 225 Stock Average figure at the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan. - Photographer: Akio Kon/Bloomberg

TOKYO: Japan's Nikkei share average fell by as much as 2% early on Friday, with tech stocks tracking overnight declines for Wall Street peers as investors worried about sky-high valuations.

The Nikkei was down 1.8% at 50,356.47 about 12 minutes into the trading day.