Nikkei 225 closes down 0.8% at 63,492.99; Kospi drops 3.3%

The split between the Nikkei and the broader Topix points to weakness concentrated in index-heavy names rather than a blanket risk-off move in Japan, while Korea's far steeper Kospi decline suggests the pressure was more acute there. That divergence is the notable signal: regional equity stress is not moving in lockstep. Whether the Kospi's underperformance reflects Korea-specific drivers or a broader rotation out of certain exposures is the open question worth watching.