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Wednesday, April 7, 2010 as of 11:14 AM ET

Mitsubishi Motors

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Mitsubishi Motors

is a multinational automaker headquartered in Minato, Tokyo. In 2010 it was the sixth largest Japan-based automaker and the sixteenth largest in the world, measured by production.

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Japan Stocks Fall On Fitch Downgrade, Trade Data

Japanese stocks opened lower Wednesday against the backdrop of a surprise downgrade to the nation's sovereign debt and weaker-than-expected trade data, with the U.

S. providing a mixed lead. The Nikkei Stock Average traded down 0.9% at 8,647.79 in the early going, while the Topix fell 0.8%. Financials were broadly lower as the markets reacted to Fitch Ratings' surprise cut to Japan to A+, with Aozora Bank Ltd. losing 3.4%, Daiwa Securities Group Inc. retreating 2.3%, and Orix Corp. giving up 2%. Real-estate shares also suffered, with Mitsui Fudosan Co. dropping 2.9%, and Mitsubishi Estate Co. taking a 3.1% tumble. Major exporters were also mostly weaker after the Ministry of Finance reported a 7.9% year-on-year gain in exports, shy of a Dow Jones Newswires forecast rise of 12.9%. Major declines included a 1.3% loss for Mitsubishi Motors Corp. , a 2.4% fall for Nintendo Co. and a 2% loss for Panasonic Corp. . Shares of Renesas Electronics Corp. continued their wild ride, falling 8.3% aft...

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