Nikkei slip as investors pocket quick gains on Softbank, Topix firmer

lunes 22 de septiembre de 2014 02:24 GYT
 

TOKYO, Sept 22 (Reuters) - Japan's Nikkei share average
dropped on Monday as investors booked gains in heavyweight
Softbank after the listing of Alibaba Group Holding Ltd
, but the broader market held firmer near six-year high.
    The Nikkei declined 0.7 percent to 16,205.90, with a
6.1 percent slide in Softbank shares accounting for more than a
half of the benchmark's fall. 
    Softbank, which holds a 32 percent stake in Alibaba, had
surged 30 percent over the past six weeks in anticipation of the
Chinese e-commerce company's listing in the New York Stock
Exchange.
    The broader market was firmer, with the Topix down
just 0.1 percent at 1,330.88, sticking near a six-year high hit
on Friday, while the new JPX-Nikkei Index 400 was
flat at 12,088.93.

 (Editing by Shri Navaratnam and Eric Meijer)