RTTNews - A weak open is expected for Japan stocks on Thursday, following the fourth straight losing session on Wall Street overnight.
Japan's market dropped sharply on Wednesday, with its major indices falling by the largest amount since mid-August.
Japan's Nikkei 225 Average declined 249.60 points or 2.37 percent to 10,280.46.
Among the Nikkei component stocks, there were 5 closing higher, 220 were lower and 0 finished unchanged.
The broader Topix index closed down by 2.0 percent at 949.81.
The slump in the financial sector on Wall Street carried over to Tokyo, as the major banks were broadly lower. Among them, Mitsubishi UFJ was down 15 yen or 2.52 percent, Mizuho Financial was down 7 yen or 3.10 percent, Sumitomo Mitsui was down 110 yen or 2.74 percent and Resona Holdings was down 16 yen or 1.26 percent.
Exporters were also weaker, with Toyota Motor down 100 yen or 2.49 percent, fellow auto maker Honda was down 60 yen or 2.02 percent, camera maker Canon was down 100 yen or 2.78 percent and electronics giant Sony fell 65 yen or 2.58 percent.
Falling oil prices pushed shares of oil explorer/producer Inpex down 33,000 yen or 4.33 percent.
Among the telecoms, Nippon Telegraph & Telephone was down 50 yen or 1.21 percent, NTT DoCoMo was down 1,700 yen or 1.19 percent, KDDI was down 11,000 yen or 2.05 percent and Softbank declined 55 yen or 2.62 percent.
Overseas, U.S. stocks wavered not far from the break-even line for most of Wednesday's session before turning lower in the final half hour of trading. At the closing bell on Wall Street, the Dow Jones Industrial Average was down 29.93 points or 0.32 percent at 9,280.67, the Nasdaq Composite index was down 1.82 points or 0.09 percent at 1,967.07 and the S & P 500 index was down 3.29 points or 0.33 percent at 994.75.
In other Asia/Pacific region trading on Wednesday Hong Kong's Hang Seng index was down 350.30 points or 1.76 percent to close at 19,522.00.
In China, the Shanghai Composite index was up 31.25 points or 1.16 percent at 2,714.97.
The BSE 30 index in Indonesia was down 83.73 points or 0.54 percent at 15,467.46.
Indonesia's Jakarta Composite index was down 40.99 points or 1.76 percent at 2,285.93.
In South Korea, the KOSPI/Seoul Composite index was down 9.90 points or 0.61 percent at 1,613.16.
The Taiwan Weighted Index was up 20.02 points or 0.29 percent at 7,039.77.
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