Nikkei Lags in Asia on Ex-Dividend Impact

By Anonymous

0005 GMT — The Nikkei has started lower amid the impact of many stocks going ex-dividend today, trimming their prices to account for shareholder payouts the next few days. It is down 0.3% after having risen 7-straight days and the yen continues to edge lower. But Down Under indexes are up slightly after finishing little changed yesterday, with the NZX 50 essentially flat and Australia’s ASX 200 opening up 0.1% amid fresh gains in oil prices overnight. Crude, though, has eased in Asian trading after some soft U.S. inventory data. South Korea is the lone market in the region closed today for holiday; action there resumes...