Japan's Nikkei Falls to 1-1/2-Week Low as Softbank Slides
Japan's Nikkei share average fell to a 1-1/2-week low on Tuesday as financial stocks underperformed after U.S. yields fell, while index-heavyweight SoftBank tumbled.
The Nikkei dropped 0.3 percent to 19,455.88, the lowest closing level since March 9.
SoftBank Group Corp dropped 1.9 percent and contributed a hefty negative 18 points to the Nikkei index after the Wall Street Journal reported that the company scrapped a planned $100 million investment in a smartphone startup founded by the creator of Google's Android software, citing people familiar with the matter.
The broader Topix dropped 0.2 percent to 1,563.42 and the JPX-Nikkei Index 400 shed 0.2 percent to 13,987.00.
(Reporting by Ayai Tomisawa)