The broader Topix is down more than 6% now, as investors sell amidst uncertainty. Toyota, Honda and many other big manufacturing companies are down mid to high double digits, due to plant closings.Some stocks, like refiners, uranium and select electronics are down mid double digits to as much as 30%. Sony has shut down 8 factories, as the Northeast part of Japan, currently afflicted by the aftermath of the quake, is vital for Japanese industry being a main hub for supplies.
Conversely, construction stocks are very strong, based on the necessity of rebuild vast parts of Northeast Japan.
Here are recent quotes, with links, to some of Japan’s biggest companies.
Japan Steelworks -18%
Hitachi -15%
Toyota -8%
Honda -4%
Cosmo Oil -27%
Toshiba -16%
JX Holdings -15%
Sony -8%
Right now exchanges are closed during lunch. And, it’s worth noting, they are off the lows.
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