Japan's Nikkei 225 fell 3.2% to close at 65,326.42, its lowest since August 4, with Furukawa Electric (-14%), Kioxia Holdings (-13%), and SoftBank Group (-10%) among the largest decliners.
StoneX analyst Matt Simpson cited rising bond yields, higher oil prices, and renewed geopolitical concerns as the drivers of the broad selloff. Furukawa Electric (6504.T) was the steepest individual decliner in the index at 14%, making it a focal point of the day's risk-off move. The combination of yield pressure and energy cost concerns may affect capital-intensive manufacturers like Furukawa through both financing costs and input costs, though the source does not quantify these effects separately.