Japanese equities fell sharply on Wednesday as renewed US-Iran military strikes pushed oil prices higher and heightened concerns over economic growth. Rising government bond yields also added pressure on growth-oriented stocks, particularly technology and chip-related shares.
The Nikkei dropped 2.95% to 64,254.56 as of 0154 GMT, while the broader Topix declined 2.37% to 4,082.89. The Topix was on track to end a nine-session winning streak.
