The Nikkei 225 Index fell more than 3% to below 64,500, while the broader Topix Index declined 2.2% to 3,862 on Monday, marking a third consecutive session of losses for Japanese equities. The downturn mirrored Friday’s sharp selloff on Wall Street, where semiconductor and other technology stocks came under significant pressure. Stronger-than-expected US jobs data also reinforced expectations that the Federal Reserve will raise interest rates this year, driving Treasury yields higher and adding to pressure on equity markets. Meanwhile, geopolitical concerns intensified after Iran launched several rounds of missiles toward Israel as a warning against further military actions in Lebanon, casting doubt on a fragile ceasefire as peace negotiations remain stalled. Japanese chipmakers and other tech firms led the declines, including Kioxia Holdings (-8%), Renesas Electronics (-5.6%), SoftBank Group (-9.3%), Advantest (-5.1%) and Tokyo Electron (-6.1%).