Nikkei 225 falls 1.3% to 64,075.42; Seoul’s KOSPI drops 3.7%

The dispersion matters more than the direction: KOSPI's decline is nearly three times the Nikkei's, pointing to Korea-specific pressure rather than a uniform regional shock. For crypto and RWA markets, Asian equity weakness of this kind tends to feed risk-off sentiment, though the read-across is indirect and the item offers no direct link. The open question is whether this is a single-session de-risking or the start of a broader repricing across Asian benchmarks.