Asian stock markets tumbled in risk-off trade on Wednesday, as mounting concerns over U.S. military action against Syria fuelled investor demand for safe haven assets.
Ongoing uncertainty over the timing of the Federal Reserve's widely expected reduction in monthly bond purchases also weighed. The Fed's stimulus program is viewed by many investors as a key driver in boosting the price of global equities.
In Tokyo, the Nikkei fell to a two-month low as the yen strengthened against the U.S. dollar, weighing on sentiment.
USD/JPY fell to hit a session low of 96.86, moving off the previous session's high of 98.34. A stronger yen reduces the value of overseas income at Japanese companies when repatriated, dampening the outlook for export earnings.
Automakers Toyota and Honda saw shares drop 2.3% and 2.4% respectively, while consumer electronics makers Sony and Sharp fell 3.5% and 2%.
Japanese megabanks were also lower with shares of the nation's largest lender Mitsubishi UFJ Financial Group shedding 2%, while Mizuho Financial Group and Nomura Holdings declined 1.5% and 3.5% respectively.
Index heavyweights Fast Retailing and Softbank saw shares drop 0.8% and 1.9% respectively.
Nagano Prefectural Police announced on Wednesday that a member of a newly formed organized crime group who had been shot at a hot springs resort in Iida City has died, reports TV Asahi (Oct. 7). (Tokyo Reporter)
Eight students in Osaka Prefecture suffered broken bones during a three-year period at a public junior high school while practicing or performing kumitaiso, the gymnastic formation known as a human pyramid. (Japan Times)
Satoshi Omura, a distinguished professor emeritus of Kitasato University, has won the 2015 Nobel Prize in Physiology or Medicine with William Campbell for their discoveries concerning a novel therapy against infections caused by roundworm parasites, Sweden's Karolinska Institute announced Monday. (The Japan News)
Niigata Prefectural Police on Tuesday raided headquarters of the troubled Yamaguchi-gumi organized crime group as a part of an investigation into a baseball gambling case, reports the Sankei Shimbun (Oct. 6). (Tokyo Reporter)
Police arrested a former maintenance worker for Schindler Elevator KK on Saturday on suspicion of deliberately stopping one of the company's elevators near Tokyo and obstructing the company's business. (Japan Today)
A strong low-pressure storm with heavy winds and rains hit Japan from Thursday night to Friday, causing injuries, transportation disruptions, evacuations, blackouts and school closures mainly in the northernmost prefecture of Hokkaido. (Japan Today)