The Nikkei fell by 1.0%, following the downward trend of U.S. stocks, and has fallen below 37,000 points for the first time since the 8th.

The Nikkei fell by 1.0% to 36,938.79 points, following the decline of U.S. stocks from the previous night, and has fallen below 37,000 points for the first time since May 8. Chris Beauchamp from IG reports that investors are closely monitoring budget negotiations in Washington. The chief market Analyst added that the backdrop for these negotiations is that "the market sentiment is now far less tolerant of Washington's reckless spending tendencies." The Nikkei's decline is primarily driven by Technology and semiconductor-related stocks, with Fujikura down 3.9%, Advantest down 3.0%, and Renesas Electronics down 2.7%.