The Nikkei 225 Index faced a modest decline by midday as investor caution gripped global markets, driven largely by concerns surrounding U.S.

Tokyo stocks experienced a sharp downturn on Wednesday morning, with the Nikkei 225 index plummeting over 4% at one point, driven by disappointing U.S.

Nikkei 225 was mainly range-bound on Monday but on Tuesday, the Japanese stocks were marginally lower. At the time of publication, Nikkei 225 Index was down by 0.2 percent at 38,621.