In the first five minutes of trading the Nikkei 250 is down 270 points or 1.58%. It is going to be a long day in Japan since the Yen also broke 116 to the dollar--that is their currency is appreciating against our dollars; hence, their trade advantages are diminishing.
16947.28 270.65 1.57% N225.
8:30 est the Nikkei 225 futures now down 2%
Expect strength in US treasuries tomorrow and more margin calls qand mutual fund outflows