Japan's Nikkei falls 5% on Wall Street's sharp decline

Japan's Nikkei plummeted 5% following Wall Street's decline, fueled by trade war anxieties. The broader Topix also experienced a significant drop. Overnight losses in U.S. markets offset previous gains due to escalating trade tensions between Washington and Beijing, overshadowing positive economic data and U.S.-Europe trade talks. Fast Retailing and chip-related stocks suffered notable losses.