TOKYO, Sept 25 (Reuters) - Japan's Nikkei stock average slid 2.9 percent on Friday, with Mitsubishi UFJ Financial Group and other financials hit hard after Nomura Holdings said it plans to issue up to $5.6 billion in shares.
Nomura shares were untraded due to a glut of sell orders after the announcement by Japan's largest broker fed concerns this could signal another round of fund-raising by Japanese banks in the face of a global push for banks to carry a bigger capital buffer.
Losses were broad-based, with trading houses falling on lower commodities prices and exporters hit by a slightly stronger yen.
The benchmark Nikkei lost 305.17 points to 10,239.05 by the midday break, while the broader Topix fell 3.1 percent to 920.65. (Reporting by Elaine Lies)