Nikkei 225 Closes Up 1.9% at 66,753.72; KOSPI Slips 0.48%

The split matters because it undercuts the idea of a single regional risk appetite: money moved toward Japanese large caps while Korean shares drifted lower on the same session. For RWA and crypto readers, the relevant signal is that Asian equity flows are diverging rather than moving as one bloc, which complicates the usual "risk-on Asia" read used to frame tokenized-asset sentiment. Whether the Nikkei's strength and the KOSPI's softness persist in the next session is the open question.