Japan market summary for Monday (Nov. 12)
Nikkei 225 Stock Average: -386.33 (-2.5%) to 15,197.09; first 7-session consec. decline since May 2005
Nikkei 225 futures Osaka: -330 (-2.1%) to 15,220, Singapore (SGX) -350 (-2.25%) to 15,220, Chicago (CME) *11/9 -415 (-2.6%) to 15,255
TOPIX: -37.95 (-2.5%) to 1,456.40; Advancers 112 x decliners 1,579 (unch. 31), New highs 1 x new lows 632
Nikkei Jasdaq: -26.92 (-1.5%) to 1,760.59
Yen: strengthened 2% against US$ to the 110.35 level late in Tokyo; strengthened 2.3% against the euro to the 161.50 level

Notes: MOTHERS was mostly flat and HERCULES lost 2.1%. A number of negative factors (stronger yen, subprime, deteriorating domestic economic indicators, etc) are keeping selling pressure on Japanese stocks. Take a look at the yen at 110. While stocks are indeed oversold on a technical basis, there is a question of what exactly represents an upside catalyst and if any gains be sustained.