Japan's Nikkei opens -1.1% at 8764.51 on the back of U.S. losses overnight and an S&P...

|By:, SA News Editor

Japan's Nikkei opens -1.1% at 8764.51 on the back of U.S. losses overnight and an S&P downgrade of Italy's sovereign debt. Shippers and exporters are hit hard: Mitsui OSK (MSLOF.PK -4%), Nippon Yusen (NYUKF.PK -2.6%), Sony (SNE -2.4%), Advantest (ATE -3%), Fujitsu (FJTSY.PK -3.2%).