Just watched the Japanese stocks pull back pretty hard on Monday after that nice winning streak. The Nikkei dropped about 1.35 percent and closed just above 58,000, with financials getting hit especially hard - Mitsubishi UFJ down 5 percent, Mizuho down almost 5 percent too. Autos were mixed, some weakness in Sony and Hitachi as well. Guess the geopolitical noise from the weekend is still weighing on sentiment, plus crude oil jumped 6 percent which adds to the uncertainty. Wall Street was basically flat, so that didn't help either. The interesting part is we're seeing some bargain hunting already kicking in. Toyota actually gained over 3 percent despite the broader selloff, which suggests traders are picking spots. If this stabilizes, Japanese stocks could find their footing again pretty quickly. Keep an eye on today's economic data from Japan - unemployment figures and monetary base numbers could shift the mood.

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