|Day Low/High||2.73 / 2.76|
|52 Wk Low/High||2.66 / 3.65|
Japan's largest bank by assets reported a 48.3% rise in fiscal first-quarter earnings.
Japanese broker Nomura Holdings is among the groups bidding for Citigroup's Japanese asset management arm, a report says.
Citigroup has reached an agreement in principal to sell Nikko Cordial and parts of Nikko Citigroup to Sumitomo Mitsui Financial, according to a report.
Senior officials at the Federal Deposit Insurance Corp. privately have discussed who might replace CEO Vikram Pandit if Citigroup needed more government aid, a report says.
Citigroup could be close to selling its Japanese brokerage unit for as much as $6 billion, according to a report Monday.
Citigroup shares fell, despite an earnings beat, as the company said that it planned to delay the conversion of the U.S. Treasury's preferred stake to common stock.
Citigroup shares were rallying as investors were encouraged by a relaxation of mark-to-market accounting and a bidding war for its Japanese brokerage.
Citigroup may sell its Japanese investment bank in addition to its brokerage in Japan, reports say.
Asian stocks closed higher Tuesday on the heels of strong gains on Wall Street, boosted by the U.S. government's bailout of Citigroup.
Asian stocks rose Friday as Wall Street surged and traders hoped for solutions to the global financial crisis from the meeting of the G20 nations this weekend.
In Hong Kong, the Hang Seng adds 155 points, or 0.6%, to 24,284.04, while in China the Shanghai Composite gains 11 points, or 0.3%, to 3375.41.
The selling hit petrochemical, momentum and rate-sensitive plays.
Shares soar more than 70% after the FDA grants the company clearance to market its ADVANCE System.
Market players credit the strong rally to two separate stories moving through trading desks.
The U.S. rally and tentative hopes for resurgent consumer drove the region's markets.
The Hang Seng in Hong Kong falls 260 points, or 1.1%, and Japan's Nikkei loses 322 points, or 2.3%.
Shares of gold miners stood out in the broad selling on the continent's exchanges.
China climbs again, but regional investors see potential trouble spots looming.
Japan's Nikkei hit an 18-month low intraday, but it overcame losses and finished up 28 points.
Sources suggest confusion around the Fed's effort drove the selling that brought markets to their lowest levels of the month.
The region has emerged from its November doldrums, with Hong Kong leading.
Property stocks offered the most resistance to broad selling in the region, particularly in consumer and financial names.
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