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Nissan shares drop on news of tie-up talks with Mitsubishi | Nissan shares drop on news of tie-up talks with Mitsubishi |
(about 1 hour later) | |
Shares in Japanese carmaker Nissan fell on Thursday after the company confirmed it was in talks to take a major stake in embattled rival Mitsubishi Motors. | Shares in Japanese carmaker Nissan fell on Thursday after the company confirmed it was in talks to take a major stake in embattled rival Mitsubishi Motors. |
Nissan shares fell 1.4% while Mitsubishi Motors was suspended from trading after news emerged of the possible tie-up. | |
Japan's Nikkei 225 was down 0.5% to 16,497.62 points. | |
Trader sentiment was weighed down by a disappointing close on Wall Street overnight. | Trader sentiment was weighed down by a disappointing close on Wall Street overnight. |
The negative lead from the US also affected Asia's other main markets. | The negative lead from the US also affected Asia's other main markets. |
China's Shanghai Composite was down 2% to 2,782.26 points while Hong Kong's Hang Seng traded 0.4% lower at 19,978.08. | |
In Australia, the ASX/200 fell 0.6% to 5,341.60 points. | In Australia, the ASX/200 fell 0.6% to 5,341.60 points. |
South Korea's benchmark Kospi index was flat at 1,977.68. |