Japanese ADRs Sell Off Ahead Of Monday's Open

MarketWatch Pulse

The U.S.-listed shares of Japanese companies are indicated lower in premarket trade Monday, after data showing that Japan's economy surprisingly fell into a recession. The iShares MSCI Japan ETF shed 1.9% ahead of the open. Toyota Motor's stock , which is the ETF's most heavily-weighted component, lost 1.5% early Friday. Sony's shares, which closed at a 13-month high last Tuesday, shed 1.4% ahead of the open. Meanwhile, the losses appear tame compare to the 3% overnight drop in Japan's benchmark Nikkei 225 index, a day after it closed at a seven-year high.

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