On Wednesday, Japan's Nikkei 225 index closed down by 2.18%, settling at 37,808.76 points. Meanwhile, the Topix index fell 1.4% to close at 2651.96 points. Among the major losers in the Nikkei 225 component stocks, MonotaRO dropped 6.0%, Asics declined 5.8%, and TDK fell 5.1%.
Pepperstone's senior research strategist noted that geopolitical developments have disrupted risk appetite, causing investors to flock to safe-haven assets. A significant focus has been on Iran's missile launch towards Israel.
The USD/JPY exchange rate was 143.70 yen, showing a notable decrease from Tuesday's Tokyo stock market closing rate of 144.25 yen. The yield on the 10-year Japanese government bond dropped by 3.5 basis points to 0.815%, reflecting increased demand for safe-haven assets.
