The Nikkei remains down about 5% in early going.Some of the declines in Japanese equities are far deeper. Sony is off 10%. Toyota and Nissan are also down hard, according to Bloomberg.
One “winner”? Kubota, which is the Caterpillar of Japan. It’s off less than 1%. It’s going to get a ton of rebuilding business.
Added: Some other winners include construction names that are up over 20%.
In Australia stocks are off 1%.
Izabella Kaminska points out that miner BHP Billiton — which does a big uranium business — is off 2%. Other pure uranium stocks are getting crushed.
Meanwhile, US futures are down modestly… not quite off 1%.
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