Markets drop as worries grow

(Reuters) - "The outlook for today does not look good. On top of the worries about the exposure of funds to credit markets, now we've worries about weak U.S. economic data," said Choo Hee-yeop, deputy general manager of asset management strategy at Korea Investment and Securities.




At 0025 GMT, Tokyo's Nikkei average had slid 1.6 percent with exporters such as Canon Inc., electronics components maker Kyocera and chip-tester maker Advantest Corp. further hit by a firmer yen.


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Japan Stocks Fall on U.S. Subprime Concern, Ruling Party's Election Defeat

(Bloomberg) -- Japanese stocks dropped after a
report on economic growth in the U.S. showed residential
investment slumping as the subprime problem worsens, pointing to
a weaker outlook for Japan's largest overseas market.

Toyota Motor Corp. and Canon Inc. led exporters lower after
the yen advanced to the highest against the dollar in more than
three months, reducing the value of their overseas sales.


Read more at Bloomberg Stocks News

Japanese Exporter Stocks May Advance on Yen's Drop; Murata May Decline

(Bloomberg) -- Japanese exporter shares such as
Canon Inc. may advance after the yen declined against the dollar
and euro and the U.S. Federal Reserve officials said the world's
biggest economy will weather the housing slump.

Both the Nikkei 225 Stock Average and the Topix index had
the largest drop in two weeks yesterday.


Read more at Bloomberg Stocks News

Japanese Exporter, Energy Shares May Gain; Sony May Pace Rise on Weak Yen

(Bloomberg) -- Japanese exporter shares such as Sony
Corp. and Canon Inc. may advance on speculation a weakened yen
will inflate the value of their overseas sales and boost profits.

Energy-related shares including Inpex Holdings Inc. and
Itochu Corp. may also gain after crude oil jumped to a 10-month
high last week.


Read more at Bloomberg Stocks News