Asian markets were mixed in early trade on Tuesday, with shares of internet and telecommunication giant, SoftBank, tumbling some 10 percent as the Japanese market re-opened after being closed for a public holiday on Monday.
Japan's benchmark Nikkei 225 traded up 0.36 percent, with stocks receiving a boost from a relatively weaker yen. SoftBank shares, however, were down 10.94 percent as investors reacted to the company's Monday announcement that it had agreed to acquire British semiconductor firm ARM Holdings in a deal worth USD 32 billion.
SoftBank's chairman and chief executive, Masayoshi Son, said the decision to acquire ARM was not motivated by a weaker pound, after the British currency fell in the aftermath of the UK's decision to leave the European Union.
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Japan's benchmark Nikkei 225 traded up 0.36 percent, with stocks receiving a boost from a relatively weaker yen. SoftBank shares, however, were down 10.94 percent as investors reacted to the company's Monday announcement that it had agreed to acquire British semiconductor firm ARM Holdings in a deal worth USD 32 billion. 
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