By Stanley White
TOKYO, Dec 10 (Reuters) - Japan shares settled lower on Thursday as the Brexit impasse and political wrangling over U.S. stimulus weighed on investor sentiment globally, while market heavyweight SoftBank Group Corp jumped to a more than two-decade high on DoorDash listing.
SoftBank 9984.T rose nearly 11% after the technology giant scored a $11.2 billion gain in the value of its stake in DoorDash Inc DASH.N following the U.S. food delivery app's blockbuster stock market debut on Wednesday. benchmark Nikkei share average .N225 fell 0.23% to 26,756.24, pulling back from a 29-1/2-year high hit in the previous session and declining for the fourth session in five. The broader Topix .TOPX eased 0.18% to 1,776.21.
U.S. lawmakers approved a stopgap government funding bill on Wednesday, but were unable to sort out disagreements over aid to state and local governments that is holding up a broader spending package. British Prime Minister Boris Johnson and the European Union's chief executive gave themselves until the end of the weekend to seal a new trade pact. are a lot of events in Europe that are encouraging investors to take some profits off the table," said Ayako Sera, a market strategist at Sumitomo Mitsui Trust Bank.
"The market has already risen so much that there may not be much room to rise further from here."
There were 114 advancers on the Nikkei index against 100 decliners.
The volume of shares traded on the Tokyo Stock Exchange's main board .TOPX was 0.54 billion, compared to the average of 1.34 billion in the past 30 days.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.