Nomura Shares Drop After Crypto Loss Hits Profit; Daiwa Falls

Nomura Holdings Inc. shares fell along with a broader stock selloff in Asia, after its profit dropped more than analysts anticipated.

The stock tumbled 6.7% on Monday in Tokyo, the biggest intraday decrease in more than nine months. Shares of smaller domestic rival Daiwa Securities Group Inc. also sank more than 4%, even though the firm had reported better-than-expected results.