Tokyo’s markets were lower on the session Tuesday.

The Nikkei 225 was down 1.27 percent to 17,137.92 and the Topix index was 1.94 percent lower to 1,625.25, while the Mothers market dropped 3.98 percent to 833.11.

There were big losses in financial services of various kinds and in the real estate sector.

Banks were lower on new concerns about the subprime mortgage crisis.

Mizuho Financial (TYO: 8411; NYSE: MFG) was 5.1 percent lower to ¥631,000 and Mitsubishi UFJ (TYO: 8306; NYSE: MTU) was down 6 percent to ¥1,059.

Nomura Holdings (TYO: 8604; NYSE: NMR; SGX: N33), meanwhile was 0.5 percent lower to ¥2,070.

In the consumer finance sector Acom (TYO: 8572) dropped 4 percent to ¥2,305 and Orix (TYO: 8591) fell 6.6 percent to ¥25,230, while Takefuji (TYO: 8564) was down 7.2 percent to ¥2,380.

Meanwhile, in the real estate sector, Sumitomo Realty (TYO: 8830) was 2.9 percent lower to ¥3,980 and Pacific Management (TYO: 8902) dropped 8.1 percent to ¥159,000.

There were gains in the oil sector after crude oil prices soared above the $86 per barrel level in the US on Monday.

Inpex (TYO: 1605) added 2.4 percent to ¥1.3 million while refiner Cosmo Oil gained 3.3 percent to ¥527.

Tokyo’s markets were higher on Thursday, as the Nikkei 225 had its highest close in a month and a half with a gain of 2.41 percent to 16,832.22.

The Topix index added 2.48 percent to 1,615.15 while the Mothers market was 5.52 percent higher to 720.5.

Banks were higher on rumors that investor Warren Buffett is looking to buy a stake in Bear Stearns (NYSE: BSC), boosting investor confidence that the subprime crisis will not cripple the financial services sector.

Among banks, Mizuho (TYO: 8411; NYSE: MFG) was up 4.78 percent to ¥658,000, while Resona Holdings (TYO: 8308) added 6.9 percent to ¥190,000.

Sumitomo Mitsui (TYO: 8316) gained 7 percent to ¥891,000. Regional bank Suruga Bank Ltd (TYO: 8358) was up 11 percent to ¥1,402 after it said it is talking to Japan Post about a deal.

Brokers were also higher, with Nomura Holdings (TYO: 8604; NYSE: NMR; SGX: N33) closing at ¥1,938 and Daiwa Securities (TYO: 8601) adding 8.6 percent to ¥1,114.

The consumer finance sector also saw gains after Takefuji (TYO: 8564) was reported to be preparing results showing that it will cross over into profit this year after losing ¥481.2 billion last year.

Takefuji was 16 percent higher to ¥2,155 after gaining the full amount allowed by the exchange in a session, while Aiful (TYO: 8515) and Promise (TYO: 8574) each gained 15 percent, to ¥1,909 and ¥2,850 respectively.

In the real estate sector, Deutsche Bank (FWB: DBK; NYSE: DB) raised its recommendations on both Mitsui Fudosan (TYO: 8801; NAS: MDSFF) and Sumitomo Realty & Development (TYO: 8830) from “hold” to “buy”.

Mitsui Fudosan was 7.7 percent higher to ¥3,210, while Sumitomo was up 7.9 percent to ¥4,090.

Elsewhere, Japan Tobacco (TYO: 2914) added 4.5 percent to ¥634,000 on a report out of London that it will bid on Turkey’s state-owned cigarette maker, Tekel.

Equities markets were mixed in Tokyo on Thursday, with the real estate sector higher but the consumer finance and semiconductors sectors in decline.

The Nikkei 225 was 0.2 percent higher to 16,413.79, but the Topix index retreated slightly and was down 0.05 percent to 1,566.84.

The Mothers market of small and mid-caps also declined, falling 0.81 percent to 628.23.

The consumer finance sector was down substantially after UFJ Nicos (TYO: 8583) said that instead of a profit it would lose ¥100 billion this fiscal year.

Nicos, which is part of Mitsubishi UFJ Financial Group (TYO: 8306; NYSE: MTU), was 13.4 percent lower to ¥241.

Elsewhere in the sector Aiful (TYO: 8515) dropped 11 percent to ¥1,732, while Acom (TYO: 8572) was down 7.8 percent to ¥2,560 and Promise (TYO: 8574) fell 4.5 percent to ¥2,655.

The semiconductors sector also saw declines after analysts at Dramexchange said that the price of computer memory will decline next quarter due to oversupply.

Chip-making equipment maker Advantest (TYO: 6857; NYSE: ATE) was 4.7 percent lower to ¥3,690, while Tokyo Electron (TYO: 8035) dropped 4.9 percent to ¥7,340.

The real estate sector was higher on a government report that said commercial land prices were higher in the year ending in June.

Mitsui Fudosan (TYO: 8801; NAS: MDSFF) gained 1.6 percent to ¥2,860, while Sumitomo Realty & Development (TYO: 8830) added 1.7 percent to ¥3,610.

Tokyo’s markets were mixed Tuesday.

While the Nikkei 225 added 0.71 percent to 15,877.67 and the Topix index gained 0.47 percent to 1,532.39, the Mothers market of small and mid-caps fell 2.87 percent to 656.29.

After several days of declines, the real estate sector was higher, gaining 3.5 percent as a whole on new figures showing that office rental rates were up in central Tokyo in August.

Mitsui Fudosan (TYO: 8801; NAS: MDSFF) was 3.53 percent higher to ¥2,640, while Sumitomo Realty & Development (TYO: 8830) gained 4.1 percent to ¥3,290 and Mitsubishi Estate (TYO: 8802) added 4.3 percent to ¥2,810.

Banks were higher as well.

Mitsubishi UFJ (TYO: 8306; NYSE: MTU) was 1 percent higher to ¥1.04 million, while Mizuho Financial (TYO: 8411; NYSE: MFG) was up 1.1 percent to ¥664,000.

Computer game publisher Capcom (TYO: 9697) added 6.3 percent to ¥2,855 on a broker upgrade based on its sales of games for the Wii console.

The automobile manufacturing sector was slightly lower, falling 0.2 percent as a whole even though the yen had weakened slightly against the US dollar.

Toyota Motor (TYO: 7203.T; NYSE: TM; LSE: TYT) dropped 0.2 percent to ¥6,430, while Honda Motor (TYO: 7267; NYSE: HMC) was 0.8 percent lower to ¥3,700.

Equities markets in Tokyo were lower on Monday.

The Nikkei 225 was 2.22 percent lower to 15,764.97.

The Topix index dropped 2.04 percent to 1,525.22 and the Mothers market was down 4.13 percent to 675.71.

The real estate sector was again instrumental in the declines as it fell 4.2 percent as a whole.

Sumitomo Realty & Development (TYO: 8830) was 4.5 percent lower to ¥3,160 and Mitsui Fudosan (TYO: 8801; NAS: MDSFF) dropped 4.7 percent to ¥2,550.

The financial services sector also saw declines once again.

Broker Nomura Holdings (TYO: 8604; NYSE: NMR; SGX: N33) was down 3.3 percent to ¥1,827, its lowest in almost two years.

Banks were mixed, however.

While Mitsubishi UFJ (TYO: 8306; NYSE: MTU) was 2.8 percent lower to ¥1.03 million, Tokyo Star Bank Ltd. (TYO: 8384) gained 14 percent to ¥334,000 on reports that Advantage Partners might be interested to the tune of ¥410,000 per share.

Among export-focused sectors, the electronics sector was lower on broker downgrades.

Consumer electronics and entertainment giant Sony (TYO: 6758; NYSE: SNE) dropped 6 percent to ¥5,300 after CLSA dropped its recommendation from “buy” to “underperform”, while camera manufacturer Canon (TYO: 7751; NYSE: CAJ) fell 3.7 percent to ¥6,050 on a downgrade from “overweight” to “underweight” from HSBC Securities (LSE: HSBA; NYSE: HBC; Euronext: HSBC; SEHK: 005).

Tokyo’s markets dropped again Friday on continuing worries about the condition of the property market there.

The Nikkei 225 was 0.83 percent lower to 16,122.16, while the Topix index dropped 0.73 percent to 1,557.02 and the Mothers market dipped 0.93 percent to 704.82.

The real estate sector was down 1.5 percent as a whole after the head of a major Japanese house builder said that the nation’s real estate price bubble could burst soon.

Sumitomo Realty & Development (TYO: 8830) fell 1.8 percent to ¥3,310.

In a related sector, house builder Daiwa House (TYO: 1925) was 1 percent lower to ¥1,435.

Banks were lower as well, dropping 2.2 percent as a sector.

Mitsubishi UFJ (TYO: 8306; NYSE: MTU) was down 1.9 percent to ¥1.06 million, while Sumitomo Mitsui Financial Group (TYO: 8316) fell 3 percent to ¥846,000 and Mizuho Financial (TYO: 8411; NYSE: MFG) dropped 3.4 percent to ¥678,000.

Exporters fell on the news that US house foreclosures were at an all-time high in the US in the second quarter.

Carmaker Toyota Motor (TYO: 7203.T; NYSE: TM; LSE: TYT) was 0.5 percent lower to ¥6,600, while Nintendo (TYO: 7974; NAS: NTDOY; FWB: NTO) was down 1.5 percent to ¥52,900 on the Osaka exchange and camera maker Canon (TYO: 7751; NYSE: CAJ) dropped 2.3 percent to ¥6,280.

But some commodities-related shares were higher on higher prices for oil and gold.

Inpex (TYO: 1609) was up 1.9 percent to ¥1.07 million while Japan Petroleum Exploration (TYO: 1662) added 6.5 percent to ¥7,880.

Sumitomo Metal Mining (TYO: 5713) gained 2.2 percent to ¥2,340.

Tokyo’s markets were mixed on the session Thursday.

The Nikkei 225 added 0.61 percent to 16,257, but the Topix index dropped 0.1 percent to 1,568.52 and the Mothers market was 0.79 percent lower to 711.44.

Carmakers were lower after the Organization for Economic Cooperation and Development reduced its prediction of how much the US and European economies will grow this year.

Honda Motor (TYO: 7262; NYSE: HMC) was down 0.5 percent to ¥3,810 while Toyota Motor (TYO: 7203.T; NYSE: TM; LSE: TYT) dropped 0.6 percent to ¥6,630.

The real estate sector declined again. Mitsubishi Estate (TYO: 8802) fell 1.9 percent to ¥2,840, while Sumitomo Realty & Development (TYO: 8830) was 4.3 percent lower to ¥3,370.

Banks and brokerages were lower as well when Bear Stearns (NYSE: BSC) cut its projection of global economic growth for 2008 and put the chances of a recession in the US at 35 percent.

Mitsubishi UFJ (TYO: 8306; NYSE: MTU) dropped 0.9 percent to ¥1.08 million, while broker Nomura Holdings (TYO: 8604; NYSE: NMR; SGX: N33) fell 1.5 percent to ¥1,917.

In the telecommunications sector, KDDI (TYO: 9433) added 2.5 percent to ¥863,000 after Nikko Citigroup began coverage with a “buy” recommendation.

The slide in consumer confidence in the US hurt exporters in Tokyo, where the Nikkei 225 dropped 1.69 percent to 16,012.83 and the Topix was down 1.71 percent to 1,557.55 on Wednesday.

The Mothers market of small and mid-caps fell 2.09 percent to 716.06.

A major exception to the declines was the internet sector.

In the internet sector, price-comparison site Kakaku.Com (TYO: 2371) gained 15 percent to ¥314,000 after it said it will sell part of its travel information unit to Yahoo! Japan (TYO: 4689).

Yahoo! Japan added 4.6 percent to ¥43,450 on the announcement.

Manufacturers of motor vehicles were mixed on the session.

While Toyota Motor (TYO: 7203.T; NYSE: TM; LSE: TYT) dropped 2 percent to ¥6,530, truck maker Isuzu Motors (TYO: 7202) added 4.4 percent to ¥598 after it said it is planning to raise operating profit by expanding sales overseas.

Camera maker Canon (TYO: 7751; NYSE: CAJ) fell 2.1 percent to ¥6,400, while in Osaka game console maker Nintendo (TYO: 7974; NAS: NTDOY; FWB: NTO) was 3.7 percent lower to ¥52,000. Financial services also saw declines.

Among banks, Mitsubishi UFJ (TYO: 8306; NYSE: MTU) fell 0.9 percent to ¥1.1 million, while Sumitomo Mitusi (TYO: 8316) was down 1.3 percent to ¥890,000.

Broker Nomura Holdings (TYO: 8604; NYSE: NMR; SGX: N33) was 1.6 percent lower to ¥1,987.

The real estate sector was down 2.1 percent as a whole, while Sumitomo Realty & Development (TYO: 8830) dropped 3.3 percent to ¥3,760.

Tokyo’s Nikkei 225 was slightly lower on Friday, falling 0.03 percent to 16,979.86.

The Topix index managed a gain of 0.19 percent to 1,672.54, however, and the Mothers market was 0.53 percent higher to 834.57.

The real estate sector was higher after a report that prices for apartments in the Minato ward in central Tokyo doubled in the past year.

Tokyu Land (TYO: 8815) was up 2.24 percent to ¥1,235, while Sumitomo Realty & Development (TYO: 8830) added 4.74 percent to ¥3,760 after Sumitomo reported that its operating profit in the most recent quarter was up 50 percent.

Some exporters were also higher as carmaker Toyota Motor (TYO: 7203.T; NYSE: TM; LSE: TYT) gained 0.14 percent to ¥7,080, while in the electronics sector Sony (TYO: TYO: 6758; NYSE: SNE) was 0.99 percent higher to ¥6,110.

Fast Retailing (TYO: 9983) fell 1.5 percent to ¥6,720 on its report that its Uniqlo clothing line dropped 11.7 percent in like-for-like sales in July, which it blamed on bad weather.

Also lower was Ashai Breweries (TYO: 2502), which was down 2 percent to ¥1,676 after it said that operating profit in the most recent quarter dropped by 19 percent.

The Tokyo equities markets were lower on Friday as the Nikkei 225 fell 0.4 percent to 18,140.94 and the Topix index dropped 0.5 percent to 1,779.67.

The real estate sector declined after government bond yields advanced, with Mitsubishi Estate (TYO: 8802) and Sumitomo Realty & Development (TYO: 8830) each dropping 1.5 percent, to ¥3,370 and ¥3,990 respectively.

Declines in the retail sector continued as Seven & I (TYO: 3382) fell 0.8 percent to ¥3,570 even though it said profits were 6 percent higher in the three months ending in May compared to the same period last year.

TV Tokyo (TYO: 9411) was 5.3 percent lower to ¥4,090 after its second largest shareholder said he would sell his 12.5 percent stake in the broadcaster.