Japanese stocks fell sharply on Tuesday morning. It happens because of the investors selling domestically focused stocks too aggressively. After initially building on the previous week's gains, the Nikkei 225 ended the morning down 1.5 percent to 16,187.75. The Topix finished down 1.4 percent at 1,661.98. Real estate grew 3.2 percent. Japan's biggest real estate company, Mitsui Fudosan, fell 3.5 percent to Y2,210. Mitsubishi Estate, its biggest competitor, declined 4.3 percent to Y2,250. The banking sector was hit by a 5 percent slide to Y1,114,000 by Japan's 3rd biggest banking group, SMFG. This followed SMFG’s Friday declaration that it would raise up to Y627bn in a share offering to improve its capital base and help compensate public funds. Other banks also fell, hit on domestic stocks. Mizuho fell 3.1 percent to Y893,000. The world's biggest bank by assets, Mitsubishi UFJ, was down 3.7 percent to Y1,550,000. Securities houses followed the main direction of the market. Japan's biggest securities house, Nomura, was down 4.6 percent to Y2,190. Daiwa Securities, its biggest competitor, fell 2.7 percent to Y1,274.

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