The Japanese stock market is down sharply on Monday with investors, back after a long weekend, pressing heavy sales across the board amid concerns about the global economy following a weak jobs report from the U.S. and on doubts about austerity measures in Europe. The yen's rise against the euro is also contributing to the weakness in the market.
The benchmark Nikkei 225 index is down as much as 228 points or 2.4 percent at 9,152.2.
Among Nikkei stocks, only Tokyo Gas, Sumitomo Osaka Cement, West Japan Railway and NTT DoCoMo Inc are currently trading in positive territory.
Konami Corp shares are down more than 13.5 percent. Nippon Light Metals, Pacific Metals, Nomura Holdings and Sumco Corp are trading lower by 6 to 6.5 percent.
Matsui Securities, Toho Zinc, Kawasaki Kisen, JFE Holdings, Inpex Corp, Tokyo Electric Power, Olympus Corp, Yahoo Japan and Sony Corp are down 4 to 5.5 percent.
Sharp Corp, GS Yuasa, Sony Financial Holdings, Credit Saison, Mitsubishi UFJ Financial, Toyota Motor, Advantest Corp. and Sumitomo Metal Industries are also down with sharp losses.
Among automobile stocks, Mazda Motor, Honda Motor, Nissan Motor, Suzuki Motor, Toyota Motor and Isuzu Motors are trading lower by 2.5 to 5.5 percent.
In the banking space, Mitsubishi UFJ Financial, Mizuho Financial, Bank of Yokohama and Chiba Bank are down sharply, losing 2.5 to 4 percent.
In the currency market, the U.S. dollar traded in the upper 79 yen range in early deals in Tokyo. The yen is currently trading at 79.84 to the dollar. Against the euro, the yen strengthened to around 103.
On Wall Street, stocks ended notably lower on Friday with investors resorting to some heavy selling following a disappointing jobs report. Despite coming off their worst levels of the day, the major averages ended with notable losses.
While the Dow slid 168.3 points or 1.3 percent to 13,038.3, the Nasdaq plunged 68 points or 2.3 percent to 2,956.3 and the S&P 500 tumbled by 22.4 points or 1.6 percent to 1,369.1.
Major European markets too closed on a dismal note on Friday. While the German DAX index plunged by 2 percent, the U.K.'s FTSE 100 index and the French CAC 40 index both plummeted by 1.9 percent.
U.S. crude oil futures declined sharply on Friday amid growth concerns following a disappointing jobs report. Crude for June delivery ended down $4.05 at $98.49 a barrel, the lowest close since February 6, 2012.
For comments and feedback contact: editorial@rttnews.com
Market Analysis
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.