In a shocking turn of events, Japanese cryptocurrency exchange DMM Bitcoin has announced its closure after falling victim to one of the largest crypto hacks in recent memory.

Japan's Nikkei 225 index was trading 0.8 percent higher on Friday. The decline faced by Japanese stocks this week has been mainly due to selling pressure at higher levels.

Nikkei 225 Index was trading 0.8% percent lower on Wednesday as selloff continued from higher levels. In yesterday's trade, Nikkei 225 declined after a positive start.

Kyocera Corporation, a prominent Japanese conglomerate, faces strategic challenges in scaling profitability despite stable revenue sources from core and non-core businesses.

The recent electoral victory of Shigeru Ishiba has significantly strengthened the Japanese Yen against major currencies, reversing its previous downward trend.

Asian markets edged higher on Wednesday as global investors turned their attention to the U.S. Federal Reserve’s anticipated decision to cut interest rates, the first in more than four years.