Asia stocks set to slip; Japan's Softbank to sell UK chip designer Arm

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Investors will watch for movements in Japanese conglomerate Softbank Group's stock following reports that the firm is set to sell U.K. chip designer Arm to U.S. chip firm Nvidia.

Investors will watch for movements in Japanese conglomerate Softbank Group's stock following an announcement that the firm is set to sell U.K. chip designer Arm to U.S. chip firm Nvidia.

Developments in Japanese politics will be watched as the search for the successor for Prime Minister Shinzo Abe continues. Stocks in Asia were set to trade lower at the open as investors watch political developments in Japan as the search for its leader continues. Futures pointed to a lower open for Japanese stocks. The Nikkei futures contract in Chicago was at 23,385 while its counterpart in Osaka was at 23,130. That compared against theShares in Australia were also set to dip, with the SPI futures contract at 5,852.0, as compared to the

 

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