Financials Pulled Down Nikkei225

Nikkei225 dropped 2.6% on Friday, and financial stocks were the biggest losers of the day. Nomura Holdings (8604.T) lost 15.98% after they announced their plans to issue $5.6 billion in stocks. Mitsubishi UFJ Financial Group (8306.T) followed with 8,53% drop, and T&D Holdings (8795.T) were also among top losers with a fall of 6.75%.

Elsewhere, Hang Seng Index (HSI) dropped 117.75 points or 0.56%, and Bombay Stock Exchange Index (SBSESN) was down 0.24%.