Japan stock futures fall 5% as Ishiba to succeed PM Kishida

TOKYO -- The Nikkei 225 Futures plummeted at the open of Friday after-hours trading after a former defense minister clinched victory in the ruling Liberal Democratic Party's presidential race.

Nikkei futures opened at 37,900, down 1,950 points, or 5.1%. It then lost as many as 2,220 points, or 5.8%, dropping to 37,630 at one point.