Japanese shares dropped sharply on Friday after weak manufacturing data from China added to worries about global economic slowdown. Moreover, rising uncertainty over stimulus measures in the US and China also weighted down on Japan's equities. The Nikkei 225 Index ended the week in red territory, sinking by 1.17% to 9,070.76. Only one industry included in the index managed to climb. Utility companies added 0.66%, supported by strong gains of Chubu Electric Power and Kansai Electric Power. On Friday, stocks of Kansai Electric Power were raised from ‘neutral' to ‘buy' by Goldman Sachs. At the same time, industrials and financials dragged the index lower. Aozora Bank, Chiba Bank and Shinsei Bank slumped 0.49%, 0.85% and 3.03%, respectively. Among industrials, Mitsubishi Electric and TOTO dropped by 0.87% and 0.50%. Basic materials also moved lower, led by steelmakers. Nippon Steel lost 1.15% after Dahlman Rose expert, Anthony Rizzuto, downgraded steel producers in the US.