The Nikkei 225 lost just over 300 points or -1.95% on the day while the TOPIX lost just under 30 points or -1.87%. This drop represents the third largest on the year. And it was said to be further fueled by a mistaken stock order by Mizuho Financial Group, which led to a sell-off of the securities sector. (Reuters) Some analysts out of Japan were calling the broad sell-off a good thing for a market that was starting to get "bubbly." This may be a good chance to pick up some slightly cheaper shares of ADRs and Japan ETFs (tickers: EWJ, ITF, VPL). Two retailer stocks, Isetan and Takashimaya, led the fall on the Nikkei 225 after strong recent gains, falling a combined almost 15%.
Nikkei 225: -301.30 (-1.95%) closed at 15,183.36, opened 14 points lower than prior close of 15,484.66, traded as high as 15,523.15 and the intra-day low was at closing
TOPIX: -29.86 (-1.87%) closed at 1,568.73, opening price was only a fraction higher than prior close of 1,598.59, traded between 1,563.59 and 1,599.88
JASDAQ: -1.16 (-1.01%) closed at 113.80, intra-day high was 114.91 and traded as low as 113.17
Yen: last posted rate was Y120.55/$US1
Today's Tokyo Stock Exchange traded shares with ADRs that had the largest advances and declines:
* Decliners: Matsushita Electric Industrial (MC) -4.90%, Nomura Holdings (NMR) -3.70%, Fuji Photo Film (FUJIY) -3.46%, Millea Holdings (MLEA) -3.35%, Mitsubishi UFJ Financial Group (MTU) -3.07%, Sony (SNE) -2.89%, Kubota (KUB) -2.79%, NEC (NIPNY) -2.67%, TDK (TDK) -2.64%, NTT (NTT) -2.22%, NTT DoCoMo (DCM) -2.12%, Kyocera (KYO) -1.67%, Honda Motor (HMC) -1.58%, Pioneer (PIO) -1.56%