Overview
- China announced tighter export controls on dual-use goods to Japan on January 6, raising concerns about potential impacts on corporate activity.
- The Nikkei 225 fell 556.10 to 51,961.98 at the January 7 close after an earlier session low that left the morning close at 52,257.11, down 260.97.
- TOPIX stood at 3,524.03 at the morning close, down 14.41 points, indicating broad-based weakness.
- Profit-taking set in after the market notched a record closing high the previous day, intensifying the sell-off.
- U.S. equities also retreated, with the Dow closing down 466.00 at 48,996.08, while the dollar–yen traded around 156.62–156.63 at 03:00 JST on January 8.