Mixed signs in Asia – ‘Jump’ 10% for Softbank share

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Asia-Pacific stock exchanges traded lower on Tuesday small gains made by Wall Street at yesterday’s meeting, which were enough for the three main indicators of the American market to reach new historical highs.

In Japan in particular, the Nikkei 225 fell 0.66%, while the Topix fell 0.65% lower. At the same time, however, the share of the Japanese group SoftBank Group records a “jump” of 10.24%, after yesterday the company announced that it plans to repurchase its shares up to 1 trillion. yen ($ 8.82 billion) to strengthen its share, which it considers to be significantly undervalued.

The Japanese investment and technology company also announced its first quarterly losses in a year and a half, as severe restrictions on Chinese tech companies caused a sharp selloff in shares, which affected Softbank’s portfolio.

A mixed picture in mainland China, with the Shanghai Composite marginally losing and the Shenzen index making small gains. In Hong Kong, the Hang Seng Index is down about 0.1%.

In South Korea, Kospi slipped 0.28% and in Australia the S & P / ASX 200 lost 0.1%.

The broader MSCI Index for Asia-Pacific shares outside Japan gained 0.1%.

Oil prices fell in Asia, with Brent futures losing 0.1% at $ 83.35 a barrel and US crude falling marginally to $ 81.90 a barrel.


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