Japanese stocks fall on Nomura share plan, Asahi Glass forecast

Japanese stocks fell as Nomura Holdings Inc.’s plan to bolster capital sparked concern ownership will be diluted and Asahi Glass Co. forecast a loss this year.

Asahi Glass plummeted 10 percent to 466 yen [$5.07]. The company said on Feb. 6 it expects a net loss of 42 billion yen [$457,288,194] this year as a full-scale recovery in the global economy isn’t likely. That would mark its first loss since the year ending March 2002, according to a Feb. 9 Bloomberg report.

Read full article