Japan's stock market is poised to open lower on Tuesday, with surging oil prices spooking markets around the globe. An overnight sell-off on Wall Street hit the tech sector hard, and is expected to do likewise in Tokyo.
Japan's stock market moved sharply lower on Monday.
The benchmark Nikkei 225 average closed with a loss of 188.64 points or 1.76 percent at 10,505.02.
The TOPIX index of all shares traded on the Tokyo Stock Exchange First Section declined 13.96 points or 1.46 percent to 941.63.
Trading volume was robust at 2.205 billion shares.
Declining stocks outnumbered advancers by better than a six-to-one ratio, with 216 stocks closing higher, 1,376 lower and 82 unchanged.
The auto makers were especially hard hit, with Toyota Motor closing down 2.4 percent, Honda Motor down 3.1 percent and Nissan Motor down 2.6 percent.
Among the export leaders, Sony shares fell 1.7 percent, Sharp Corp was down .12 percent and Canon was down 2.4 percent.
Oil producer/explorer Inpex rose 1.4 percent
In other Monday trading, U.S. markets were lower at close, but well off their session lows. At the close, the Dow Jones Industrial Average was down 79.85 points or 0.66 percent at 12,090.03, the Nasdaq Composite Index was down 39.04 points or 1.40 percent at 2,745.63 and the S & P 500 was down 11.02 points or 0.83 percent at 1,310.13.
The other major Asia/Pacific region markets closed mixed on Monday.
The Hang Seng index in Hong Kong was down 95.67 points or 0.41 percent at 23,313.19.
In China, the Shanghai Composite index was up 54.67 points or 1.86 percent at 2,996.97.
India's BSE 30/SENSEX index was down 263.78 points or 1.43 percent at 18,222.67.
The Jakarta Composite index was up 18.81 points or 0.53 percent at 3,561.72.
In South Korea, the KOSPI/Seoul Composite index was down 24.41 points or 1.22 percent at 1,980.27.
The Taiwan Weighted Index closed down 70.61 points or 0.80 percent at 8,713.79.
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