Nikkei 225 closes lower by 4.51% at 18,664.60

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A rough day for Japanese stocks as Asian equities mostly fall
The Nikkei is the biggest loser in the region and Japanese stocks are not helped by the fall in SoftBank shares today, after Moody’s downgraded the company’s rating further from Ba1 to Ba3 yesterday – despite the company calling the move as “biased and mistaken”.