Nikkei edges down in choppy trade before key central bank events

lunes 26 de octubre de 2015 22:03 GYT

* Seven & i rises after Third Point buys a stake

* Ashikaga Holdings soars on merger talks with Joyo Bank

* Recovered market level may not justify BOJ easing- analyst

By Ayai Tomisawa

TOKYO, Oct 27 (Reuters) - Japan's Nikkei share average edged down in choppy trade on Tuesday morning after rising to a two-month high on the previous day as investors stayed on the sidelines before key events this week.

Despite the directionless trade in the overall market, some stocks shone on individual news.

Seven & I Holdings surged more than 4 percent after sources told Reuters that Third Point has bought a stake in the retailer. {nL3N12Q6B2]

Ashikaga Holdings Inc soared 7 percent on news that it and Joyo Bank Ltd were in merger talks. Joyo Bank rose 0.9 percent.

By midmorning, the Nikkei shed 0.2 percent to 18,915.24, hovering near 18,923, which is a 50 percent retracement of its August high to its September low.   Continuación...