Nikkei hits 2-month high on China PMI; Dai-ichi Life dives

lunes 2 de junio de 2014 02:14 GYT

TOKYO, June 2 (Reuters) - Japan's Nikkei share average
climbed to a two-month closing high on Monday after strong
Chinese factory data lifted sentiment.
    But Dai-ichi Life Insurance Co Ltd tumbled on news
that it is in talks to buy a U.S. life insurance company, with
investors wondering how the company would fund the acquisition.
    The Nikkei ended 2.1 percent higher at 14,935.92,
its highest close since April 4.
    Dai-ichi Life dropped 5 percent and was the fourth
most-traded stock by turnover. The company, Japan's
second-largest private-sector life insurer by premium revenue,
is in advanced talks to buy Alabama-based Protective Life, a
source told Reuters. 
    The broader Topix added 1.6 percent to 1,220.47,
while the new JPX-Nikkei Index 400 advanced 1.6
percent to 11,119.19.

 (Reporting by Ayai Tomisawa; Editing by Chris Gallagher)