Tokyo’s markets were lower on the session Wednesday after banks declined on news from US bank Wells Fargo (NYSE: WFC) that it had lost $892 million to bad home equity and consumer loans in the third quarter and that earnings will likely be hurt in the fourth quarter as well.

The Nikkei 225 was 1.07 percent lower to 16,955.31 while the Topix index dropped 1.54 percent to 1,600.29 and the Mothers market fell 1.05 percent to 824.34.

Mitsubishi UFJ (TYO: 8306; NYSE: MTU) was down 4 percent to ¥1,017 and Sumitomo Mitsui Financial Group (TYO: 8316) dropped 5.8 percent to ¥823,000.

Brokerage Nomura Holdings (TYO: 8604; NYSE: NMR; SGX: N33) fell 5.7 percent to ¥1,955.

Declines were also fed by losses in the steel and shipping sectors after the newly proposed rules in India there had investors worried about a slowing economy there if foreign money pulls out of the market.

In the steel sector, JFE Holdings (TYO: 5411) was 3.8 percent lower to ¥7,670, while shipper Mitsui OSK (TYO: 9104) dropped 3.4 percent to ¥1,930.

Some exporters were also lower on the day as the yen strengthened versus the US dollar.

Carmaker Toyota (TYO: 7203.T; NYSE: TM; LSE: TYT) was down 2 percent to ¥6,280 and game console manufacturer Nintendo (TYO: 7974; NAS: NTDOY; FWB: NTO) fell 3.1 percent to ¥68,400.

Toymaker and distributor Tomy (TYO: 7867), however, added 8.3 percent to ¥744 said that profits doubled in its first half on sales of Transformer toys and Nintendo consoles.

The Tokyo equities markets saw gains on Friday as both domestic and export-focused sectors were up on the day. The markets had seen substantial declines earlier in the week. The Nikkei 225 added 1.8 percent Friday to 15,970.76, while the Topix index was also 1.8 percent higher to 1,613.78.

Banks were up 2.5 percent as a sector. Mitsubishi UFJ added 1.4 percent to ¥1,500,000, while Mizuho was up 2.5 percent to ¥917,000 and SMFG gained 2.7 percent to ¥1,160,000.

Toymaker Tomy added 9.5 percent to ¥845 on a prediciton that it would make a profit this year. Meanwhile, game maker Nintendo was up 8.8 percent to ¥18,980 as Merrill Lynch reiterated its “buy” rating. Shares in Nintendo had fallen substantially on Thursday after news was released of a drop in its operating profit.

Carmaker Toyota gained 1.5 percent on the day to ¥6,100. In another heavily export-focused sector, electronics company Hitachi added 2.2 percent to ¥776.

Among miners, Sumitomo Metal Mining was up 4.8 percent to ¥1,527, while Dowa Mining added 2.9 percent to ¥1,083 as commodities prices rose again.