The 225-issue Nikkei Stock Average index was down 388.12 points, or 1.42%, to finish at 26,945.67. The broader Topix index of all First Section issues on the Tokyo Stock Exchange fell 30.12 points, or 1.54%, to 1,929.30.
All the 33 industry sub-indexes lost, with marine transportation, warehousing and harbour transportation service, and real estate sectors being notable losers.
In a crisis that began with the collapse of U.S.-based Silicon Valley Bank last Friday, investors lost confidence in U.S. regional banks and Credit Suisse in Europe.
Shares of banks and financials declined. Mitsubishi UFJ Financial Group lost 1.84% and Sumitomo Mitsui Financial Group slipped 1.67%. Mizuho Financial Group fell 2.3%.
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