Asia Mixed as SoftBank Soars

Shares in Asia-Pacific were mixed on Tuesday following overnight gains on Wall Street that took the major indexes to record closing highs.

In Japan, the Nikkei 225 fell 221.59 points, or 0.8%, to 29,285.46.

Shares of Japanese conglomerate SoftBank Group soared 10.5% after the firm announced a plan to buy back up to one trillion yen ($8.83 billion U.S.) of its own shares. SoftBank on Monday reported a 398 billion yen ($3.5 billion) net loss in the three-month period ended Sept. 30.

The Japanese yen traded at 112.83 per dollar, stronger than levels above 113.5 seen against the greenback yesterday.

In Hong Kong, the Hang Seng regained 49.36 points, or 0.2%, to 24,813.13.

The Australian dollar was at $0.7425, still off levels above $0.75 seen last week.

In other markets

In China, the CSI 300 erased 1.44 points to 4,846.75

In Taiwan, the Taiex ballooned 126.06 points, or 0.7%, to 17,541.36

In Singapore, the Straits Times Index docked 20.48 points, or 0.6%, to 3,243.42

In Korea, the Kospi index eked up 2.26 points, or 0.1%, to 2,962.46.

In New Zealand, the NZX 50 recovered 49.28 points, or 0.4%, to 13,090.58.

In Australia, the ASX 200 lost 18.01 points, or 0.2%, at 7,434.20.