Nikkei 225 Falls 1% Intraday as Losses Deepen

A 1% intraday move in the Nikkei is notable less for its size than for the absence of any cited catalyst, which suggests the selling is being driven by positioning or sentiment rather than a discrete event. That distinction matters: without a clear trigger, the move says little about underlying fundamentals and more about how fragile near-term conviction is. The open question is whether this remains a contained pullback or feeds into broader risk-off sentiment across Asian markets, particularly for crypto and RWA assets that tend to trade as high-beta proxies.