Nikkei 225 Falls 1.1% at Morning Close, Topix Down 0.3%

The gap between the Nikkei's 1.1% drop and Topix's 0.3% slip points to weakness concentrated in the large-cap, tech-heavy names that dominate the Nikkei rather than broad-based selling across the Japanese market. That distinction matters for anyone tracking how risk appetite is behaving regionally, since a narrow index-led decline tells a different story than a wide one. Whether the divergence persists through the full session, or Topix catches down to the Nikkei, is the open question worth watching.