DeNA Falls Most Since 2005 Listing as Earnings, Ratings Cut
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DeNA Co., Japan’s biggest social-networking service operator, fell the most since its 2005 listing in Tokyo trading after second-quarter earnings missed forecasts and JPMorgan Chase & Co. cut its stock rating.
DeNA dropped as much as its daily limit of 20 percent and traded 19 percent lower at 2,765 yen as of the 11 a.m. trading break on the Tokyo Stock Exchange. The benchmark Nikkei 225 Stock Average slid 0.8 percent.