Tokyo stocks dropped more than 3 percent on Monday to hit over 15-month lows

[Dems4HowardDean]

TOKYO, Nov 12 (Reuters) - Tokyo stocks dropped more than 3 percent on Monday to hit over 15-month lows, as Honda Motor Co Ltd (7267.T: Quote, Profile, Research) and other Japanese exporters fell following the yen's sharp rise against the dollar and losses on Wall Street.

The dollar extended losses and fell to a fresh 18-month low of 109.85 yen, putting further pressure on exporters. A broad sell-off also prompted investors to sell domestic stocks as well as all sectors losing ground. More....


http://www.reuters.com/article/marketsNews/idINT8905520071112?rpc=44

[On the Road]

1. Well, If it Hurts Japanese Exports

It should help the balance of trade. That is the one positive of the weak dollar.

[kelligesq]

2. Wall Street is probably closed for Veterans Day Monday, so maybe

Japan and the other countries markets will stabilize by Tuesday morning. If not the Dow will prolly go into another free fall.

[dkf]

3. nope market is open