Expect a Correction Today in ADRs After Down Day on Tokyo Stock Exchange (NIPNY, HMC, EWJ, ATE, MTU, HIT, TM, PIO, MC, KYO, DCM, FUJIY)

Banking and exporter stocks suffered a minor correction today in Tokyo, meaning their ADRs will most likely drop as well. Only NEC (ticker: NIPNY) and Honda Motor (ticker: HMC) were able to make any gains among shares with ADRs traded in Tokyo, up 1.40% and .60% respectively. Advantest (ticker: ATE) was the biggest loser due to profit taking after a very strong month in which its shares gained 30%.

Nikkei 225: -55.55 (-0.37%) closed at 14,872.15, opened nearly 55 points higher than previous close of 14,927.70, intra-day high of 15,013.24, intra-day low was closing price

TOPIX: -8.36 (-0.54%) closed at 1,536.21, opened about 6 points higher than prior close of 1,544.57, intra-day high of 1,553.27, low was at closing

JASDAQ: +0.93 (+0.84%) closed at 111.61, intra-day high was at closing, low at 110.95

Today's advancers were the two mentioned above, decliners follow:
NTT (ticker: NTT) -2.87%, Mitsubishi UFJ Financial Group (ticker: MTU) -2.58%, Hitachi (ticker: HIT) -2.42%, Toyota (ticker: TM) -2.36%, Pioneer (ticker: PIO) -1.83%, Matsushita Electric Industrial (ticker: MC) -1.83%, Kyocera (ticker: KYO) -1.68%, NTT DoCoMo (ticker: DCM) -1.57%, Fuji Photo Film (ticker: FUJIY) -1.54%