Japan's Nikkei 225 index experienced a sharp decline, falling by over 3% to below 36,000, marking a six-month low. Initial futures indicated a drop of 2.54%, with the index opening down by more than 2%. The decline continued, with reports indicating the Nikkei was down 4% at one point. This downturn reflects a broader negative sentiment in the Japanese market, as the KOSPI index in South Korea also fell by 2.3%, reaching its lowest level since February 10. The Nikkei's recent performance represents a 13% drawdown from its previous highs.