Japan market summary for Tuesday (Nov. 6)
Nikkei 225 Stock Average: -19.29 (-0.1%) to 16,249.63
Nikkei 225 futures Osaka: -30 (-0.2%) to 16,270, Singapore (SGX) -60 (-0.4%) to 16,260, Chicago (CME) *11/05 -305 (-1.85%) to 16,205
TOPIX: -0.54 (-0.0%) to 1,574.59; Advancers 1,016 x decliners 588 (unch. 118), New highs 9 x new lows 94; 19/33 sectors posted gains
Nikkei Jasdaq: -9.40 (-0.5%) to 1,829.39
Yen: weakened 0.2% to the 114.60-65 level against the US$ late in Tokyo; weakened 0.7% to the 166.55 level against the euro

Notes: Heavy profit-taking in MOTHERS and HERCULES, -6.6% and -3.0%, respectively.

The Nikkei and TOPIX extended their losses to a third-session, albeit the downside was limited and advancers widely outpaced decliners on the TOPIX.

The Hang Seng recouped a portion of its 5% selloff Monday. Alibaba.com nearly tripled in its first day of trading, initially lifting shares of Softbank (JP: 9984), which owns a 33% stake and has been in rally mode (up 28% since bottoming), but Softbank dropped 6.5% to close at Y2,500, ahead of its after-hours earnings release — net income jumped 64% on sales growth of 12%. Softbank accounted for 21 points to the downside for the N225.

Meanwhile, Citigroup (JP: 8710) fell in its second day of trading on the Tokyo Stock Exchange, losing 6.6% to Y4,250, still in light, but higher trading volume of 15,450 shares. Citi gained 5% on Monday. NYSE-listed shares of Citi (NYSE: C) lost 4.85% to $35.90 on Monday. There’s a 3%-plus premium for the TSE shares, but this is essentially meaningless.