Monex Group Drops in Tokyo on Share Sale, Citigroup Plan to Reduce Stake
Monex Group Inc. fell the most in six months in Tokyo trading after saying it will sell shares in Japan and that Citigroup Inc. will cut its stake to 3.6 percent from 20.6 percent.
The Japanese provider of investment services dropped 7 percent to 28,500 yen as of 9:17 a.m. on the Tokyo Stock Exchange, headed for the biggest decline since March 19. The benchmark Topix index slid 0.4 percent.
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