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| Softbank shares slide 10% after ARM takeover | Softbank shares slide 10% after ARM takeover |
| (35 minutes later) | |
| Shares in Japan's Softbank have fallen 10% after being hit with a glut of sell orders following its purchase of ARM Holdings. | Shares in Japan's Softbank have fallen 10% after being hit with a glut of sell orders following its purchase of ARM Holdings. |
| The £24bn ($32bn) deal for the UK chip designer is Softbank's biggest acquisition. | The £24bn ($32bn) deal for the UK chip designer is Softbank's biggest acquisition. |
| Investors could not react to the takeover on Monday as the Tokyo stock market was closed for a holiday. | Investors could not react to the takeover on Monday as the Tokyo stock market was closed for a holiday. |
| Both the benchmark Nikkei 225 and broader Topix opened 0.7% higher after the long weekend. | Both the benchmark Nikkei 225 and broader Topix opened 0.7% higher after the long weekend. |
| Shares of Japanese games developer Nintendo jumped 10% on the continued success of its new augmented reality game Pokemon Go, which has proved to be a big hit globally. | Shares of Japanese games developer Nintendo jumped 10% on the continued success of its new augmented reality game Pokemon Go, which has proved to be a big hit globally. |
| Meanwhile, the ASX 200 in Sydney was flat ahead of the release of minutes from the Reserve Bank of Australia's June meeting. | Meanwhile, the ASX 200 in Sydney was flat ahead of the release of minutes from the Reserve Bank of Australia's June meeting. |
| South Korea's Kospi is trading 0.3% lower in Seoul. | South Korea's Kospi is trading 0.3% lower in Seoul. |
| Hong Kong stocks opened 0.3% lower on profit-taking while the Shanghai Composite Index fell 0.1%. |