exporters and financials panasonic down of four point seven percent for his people's there and sumitomo mitsui financial group was down by three point two percent. his job status on a recovery from an unusual week i'm usually cold winter in the us and that was the be good for stocks but the positive and that did not last long on wall street in fact the ticketing nasdaq fell two point six percent and posted its biggest drop since better and those jitters were also felt in tokyo but the bucking the trend was the nineties until the pharmaceutical company that grows to twenty percent of the many news that involves its subsidiary read this you ever towards the end is of sun pharmaceutical industries is buying rather seek to create the world's fifth largest in their company and that provided a major boost to die since tyco shares. when i saw the big economic event in japan this week. the key is the kind of japan's policy setting meeting. how did the trading today and what shall we expect out of meeting. i then added a total caution to the market today. investors were not hesitate to take large posit

people at sumitomo life will invest more than $1 billion. managers at mitsui life about $500 million. now portfolio managers traditionally shy away from foreign debt. they worry that they'll lose money because of currency fluctuations. >>> all right let's check on the markets now. investors in asia reduced their stock holdings ahead of a series of key economic events due out later this week. they're keeping a close eye on policy meetings by the federal reserve, and the bank of japan. also, the latest u.s. jobs report and manufacturing data out of china are a big focus. you can see most asian markets under pressure. the nikkei, in fact, down 1%, finished at 14,288. that's a two-week closing low there. lackluster earnings from japanese companies weighed on market sentiment. trading volume remained pretty light ahead of a public holiday on tuesday. the shanghai kols it also with declines of 1.6%, 2,003. that's a level that we haven't seen for that market since late march. investors remain worried about an oversupply of shares due to the expected resumption of ini