Japanese stocks tumbled, after the Nikkei 225 Stock Average posted an historic rally on Wednesday, as U.S. data bolstered the case for a Federal Reserve interest-rate increase.
The Nikkei 225 sank 1.9 percent to 18,419.80 as of 9:01 a.m. in Tokyo, after soaring 7.7 percent on Wednesday, its eighth largest one-day advance. The Topix index declined 1.9 percent to 1,478.82, with all of its 33 industry groups falling. The yen strengthened for the first time in four days, trading at 120.24 per dollar. U.S. stocks dropped after a report showed job openings in July rose more than forecast, indicating the labor market is tightening and providing more evidence for the Fed to raise rates next week.