Tokyo - Tokyo's stock market opened Monday morning with light trading amidst a nervous mood among investors.

The Nikkei Index dropped 19.27 points in the first 18 minutes, or 0.25 per cent, to 7,629.81 points.

That was up from the opening figure, which had sunk beneath 7,500 - the lowest point since Japan's own speculation bubble burst in the early 1990s.

Investors were bracing for the release of new projections this week from Sony and other companies that will reduce expectations.

Mitsubishi UFJ Financial Group, Mizuho Financial Group and Sumitomo Mitsui Financial Group were considering raising their own capital balances. It was reported that Mitsubishi UFJ was planning to issue new stock to raise up to 1 billion yen (10.6 million dollars) in new capital. (dpa)