Japan shares slip to 1-week lows; Line, Z Holdings jump on merger talks news

Thursday, 14 November 2019 10:44 WIB

Saham Jepang


Japanese shares retreated to one-week lows on Thursday as doubts over an interim U.S.-China trade deal lifted the safe-haven yen, while Line Corp and Z Holdings surged on news that the Yahoo Japan operator was in merger talks with messaging app firm Line.

The Nikkei share average dropped 0.2% to 23,263.96 by the midday break, its lowest since Nov. 7, and the broader Topix retreated 0.5% to 1,691.98, also a one-week low.

Export-oriented Nissan Motor fell 2.2%, Honda Motor shed 1.4%, and Toyota Motor dropped 0.8%.

Z Holdings, which last month changed its name from Yahoo Japan, soared 15.9% after the internet firm said merger discussions were underway with Line Corp.

Shares in Line were untraded with a glut of buy orders, while SoftBank Corp, which owns almost half of Z Holdings, climbed 1.5%.

The merger talks between Z Holdings and Line also put pressure on their competitors, with Rakuten Inc diving 5.5%.

Z Holdings was the most traded stock on the main board, while SoftBank Corp was the third-most, and Rakuten was the sixth-most traded issues on the Topix.

Source: Reuters


  • Hong Kong stocks closed higher Wednesday after a sharp sell-off the day before and putting them back on their recent upward trajectory despite a surge in virus infections around the world. The Hang S...
  • Stocks cut gains on Wednesday as investors weighed the latest U.S. coronavirus data and its impact on the economic recovery. The Dow Jones Industrial Average traded just 13 points higher, or 0.1%, af...



Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.