RTTNews - Japan stocks are poised for a sharply lower open on Friday, following Wall Street's overnight plunge. U.S. stocks dropped sharply following worse-than-expected employment data for June.

Japan's market closed lower for a second straight session on Thursday. The benchmark Nikkei 225 Average was down 63.78 points or 0.64 percent to finish at 9,876.15.

Of the Nikkei component stocks, there were 58 finishing higher, 151 were lower and 16 closed unchanged.

The broader Topix index was down 4.28 points or 0.5 percent at 924.02.

Among the stocks and sectors of interest, the major banks were mostly lower. Mitsubishi UJF was unchanged, Mizuho Financial was down 1 yen or 0.43 percent on heavy trading volume of 140.3 million shares, Sumitomo Mitsui was down 90 yen or 2.23 percent and Resona Holdings fell 16 yen or 1.17 percent.
For the steel companies, Kobe Steel was up 7 yen or 3.93 percent, Nippon Steel was down 2 yen or 0.55 percent and Sumitomo Metal Industries fell 4 yen or 1.55 percent.

For the auto makers, Subaru maker Fuji Heavy was down 11 yen or 2.82 percent, Honda was down 60 yen or 2.27 percent, Mazda declined 6 yen or 2.41 percent, Mitsubishi Motor was down 1 yen or 0.56 percent and Toyota declined 20 yen or 0.55 percent.

Electronics giant Sony was down 30 yen or 1.20 percent, Canon fell 60 yen or 1.92 percent, Pioneer Corp was down 2 yen or 0.68 percent and Sharp was down 18 yen or 1.81 percent.

Overseas, U.S. stocks closed sharply lower on the final trading day before the long Independence Day holiday weekend. The Labor Department reported the unemployment rate in America jumped to 9.5 percent in June, its highest level in 26 years. The news sent stocks spiraling downward.

At the close on Wall Street, the Dow Jones Industrial Average was down 223.32 points or 2.63 percent at 8,280.74, the Nasdaq Composite index was down 48.80 points or 2.64 percent at 1,796.92 and the Standard & Poor's 500 Index was lower by 24.97 points or 2.70 percent at 898.36.

The major markets in the Asia/Pacific region were mixed on Thursday.

Hong Kong's Hang Seng index was down 200.68 points or 1.09 percent at 18,178.05.

In India, the BSE 30 index was up 13.02 points or 0.09 percent at 14,658.49.

Indonesia's Jakarta Composite index was up 5.87 points or 0.28 percent at 2,065.75.

The KOSPI/Seoul Composite index in South Korea declined 0.18 points or 0.01 percent at 1,411.48.

The Taiwan Weighted Index was up 88.56 points or 1.35 percent at 6,667.53.

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