RTTNews - A lower open is expected Tuesday for Japan stocks, on the heels of Wall Street's triple digit losses overnight. U.S. stocks plunged on general concern over worldwide economic recovery after a downbeat assessment from the World Bank.
Japan's market opened the week with a strong performance.
The benchmark Nikkei 225 Average was up 40.01 points or 0.41 percent at 9,826.27.
Among the Nikkei component stocks, there were 136 closing higher, 78 were lower and 11 were unchanged.
The broader Topix index was up 3.51 points or 0.4 percent at 922.48.
Brewer Sapporo Holdings was the session's big gainer, adding 80 yen or 18.43 percent after a ratings upgrade from Credit Suisse. Fellow beer maker Kirin Holdings, which also received an upgrade, rose 24 yen or 1.84 percent.
Falling crude oil prices sent shares of explorer Inpex down 18,000 yen or 2.35 percent, Nippon Oil fell 2 yen or 0.35 percent and Showa Shell was down 7 yen or 0.68 percent.
Among the auto makers, Honda was down 30 yen or 1.15 percent, Subaru maker Fuji Heavy was up 12 yen or 3.33 percent, Mazda was unchanged, Mitsubishi Motors was up 4 yen or 2.25 percent and Toyota was down 10 yen or 0.27 percent.
Electrical equipment maker Meidensha Corp rose 54 yen or 9.52 percent while rival Fuji Electric Holdings was up 18 yen or 12.0 percent.
Overseas, economic recovery concerns pushed U.S. stocks broadly lower on Monday. At the close on Wall Street, the Dow Jones Industrial Average was down 200.72 points or 2.35 percent at 8,339.01, the Nasdaq Composite index was down 61.28 points or 3.35 percent at 1,766.19 and the Standard & Poor's 500 index was down 28.19 points or 3.06 percent at 893.04.
Markets in the Asia/Pacific region were mixed on Monday.
China's Shanghai Composite index advanced 15.81 points or 0.55 percent to 2.896.30.
In Hong Kong, the Hang Seng index rose 138.62 points or 0.77 percent to 18,059.55.
The BSE 30 index in India was down 195.67 points or 1.35 percent to 14,326.22.
Indonesia's Jakarta Composite index declined 15.44 points or 0.78 percent to 1,975.03.
South Korea's KOSPI/Seoul Composite index was up 16.37 points or 1.18 percent to 1,399.71.
The Taiwan Weighted Index was up 110.06 points or 1.77 percent at 6,341.21.
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