Nikkei 225 closes down 1.4% at 69,042.11; Seoul’s Kospi falls 2.6%

Broad-based declines across Tokyo and Seoul point to a region-wide risk-off session rather than a single-market story, with Korea's steeper drop suggesting higher sensitivity to whatever is driving the move. For crypto and RWA markets, the relevant question is whether this is an equity-specific repricing or the start of a wider de-risking that spills into digital assets. Whether Asian benchmarks stabilize or extend losses into the next session is the open question.