8.8 magnitude earthquake in Japan - a 5 to 6 meter tsunami has already hit. Been watching the pictures here in Korea and it is bad. Wires report significant damage in the north with many casualties. Markets have obviously reacted.

AGK JPMorgan: neutral
AGK Morgan Stanley: overweight, tp 1700
BAB JPMorgan: overweight, tp 695
BBA JPMorgan: reiterated overweight
CBG JPMorgan: reiterated overweight
CKN JPMorgan: reiterated overweight, tp reiterated 1180
FCAM Credit Suisse: tp raised to 80 from 65
FCAM Deutsche: downgraded to sell from hold, tp raised to 76 from 74
HOME Deutsche: hold, tp cut to 210 from 225
HOME Morgan Stanley: equal weight, tp cut to 210 from 230
HOME Nomura: reduce, tp 180
HOME UBS [HB]: reiterated neutral, tp cut to 190 from 210
IPR HSBC: reiterated overweight, tp cut to 380 from 395
LRD JPMorgan: overweight
MRW Nomura: reiterated buy, tp reiterated 305
RR. Morgan Stanley: reiterated overweight, tp reiterated 800
SDR Goldman: neutral, tp raised to 2150 from 2050
SDR JPMorgan: overweight
SL. Nomura: reduce, tp raised to 250 from 245
TLW JPMorgan: reiterated overweight, tp reiterated 1500

End-of-day Market Overview

Expect a large fall of stock's, and indices on Monday due to the Japenese situation.