A Sea of Red (EWJ, ITF, VPL)

When will the bleeding end? Click here for a daily trading summary of Japanese ETFs and ADRs. Despite a mid-day reversal in the yen/USD forex rate, June Nikkei futures tanked 490 yen to close even lower than the earlier close of June futures in Japan. The NASDAQ's nearly 1% loss today in addition to the inability of blue chips to stage a solid rebound could further negatively impact sentiment in Japan.

Today's biggest losers (daily % change in parentheses):

Mitsubishi UFJ Fin Grp (MTU) $13.79 (-8.49%)
Trend Micro (TMIC) $36.85 (-7.67%)
Millea Holdings (MLEA) $90.56 (-7.21%)
Mitsui & Co (MITSY) $280.60 (6.84%)
Nomura Holdings (NMR) $19.75 (-6.26%)

Japan-related indices, futures, and more:

Bank of New York Japan ADR Index 117.77 (-3.51%)
iShares MSCI Japan Index ETF (EWJ) $14.09 (-2.69%)
MSCI Japan Index (yen denomination) 994.331 (-1.452%)
MSCI Japan Index (US$ denomination) 3,198.304 (-1.421%)
Nikkei 225 Stock Average 15,857.87 (-1.84%)
June Nikkei Futures (Tokyo) 15,800.00 (-1.92%)
June Nikkei Futures (Chicago) 15,735.00 (-3.02%)
TOPIX 1st Section 1,615.86 (-1.39%)
Yen/USD last trade: 111.57 (previous close: 111.66)

See this related post "Nikkei’s Slide Continues, FOREX Hurts ETFs & ADRs" from earlier today.