Nikkei Sells Off on Renewed U.S. Subprime Concerns

Japan market summary for Friday (Nov. 2)
Nikkei 225 Stock Average: -352.92 (-2.1%) to 16,517.48
Nikkei 225 futures Osaka: -420 (-2.5%) to 16,490, Singapore (SGX) -450 (-2.7%) to 16,465, Chicago (CME) *11/1 -315 (-1.9%) to 16,540
TOPIX: -35.61 (-2.2%) to 1,600.17; Advancers 239 x decliners 1,423 (unch. 60), New highs 7 x new lows 45; only 2 (mining; electricity/gas) of 31 sectors posted gains
Nikkei Jasdaq: -10.56 (-0.6%) to 1,847.40
Yen: strengthened 0.8% to 114.75 level against the US$ late in Tokyo; strengthened 0.6% to the 166.05 level against the euro
Notes: TOPIX declined for the first time in 6 sessions, just barely holding on to the 1,600 level. MOTHERS +0.5%; HERCULES -1.3%.