Asian markets fell sharply on Friday, with the Nikkei falls after the sale on Wall Street. Japan's Nikkei index, which has reopened after a holiday on Thursday, fell by 760.78 points, or 4.84% to 14952.61. The index shows a decrease in the seventh session in a row. The Nikkei 225 index in recent days maintained a downward trend in the yen strengthened against the US dollar.Ultimately, the index fell by more than 11% over the week.
During the Asian session the pair EURUSD, having risen from a session low of 111.91, trading at 112.50. On Thursday, the pair is trading at the price of 110.98. The cost of the yen increased since the introduction of the Bank of Japan rates are negative. The high yen negative impact on exports, as local currency profit decreases when recalculation.
Among the shares of Japanese exporters Toyota, Nissan and Sharp fell 6.81%, 5.82% and 10.32%, respectively.Australia's S & P / ASX 200 was down 55.77 points or 1.16% to 4.765.30. In total, the index decreased by 2% over the week. The financial sector had an impact on the value of the index, falling to 1.58% on Friday.
South Korea's Kospi index fell by 26.26 points, or 1.41% to 1 835.28. Hong Kong's Hang Seng Index fell 0.93% the second day in a row this week. Both markets were closed from Monday to Wednesday due to the celebration of the New Year according to the lunar calendar.
Asian banks and financial markets remain under pressure. The so-called "big four" banks - ANZ, the Australian bank Commonwealth Bank, Westpac, NAB and closed between 1.31% and 2.54%.
Japanese banks have suffered serious losses. Shares of Mitsubishi UFJ banking companies decreased by 2.23%, SMFG Corp. shares were down 4.06%, shares of Mizuho Financial fell by 3.66%. Shares of Nomura financial holding companies decreased by 9.21%. Shares of Samsung fell 3.5%, while shares of Daewoo fell 3.2%.