Nissan shares drop on news of tie-up talks with Mitsubishi

Nissan shares fell 1.4% while Mitsubishi Motors was suspended from trading after news emerged of the possible tie-up.

Japan's Nikkei 225 was down 0.5% to 16,497.62 points.

Trader sentiment was weighed down by a disappointing close on Wall Street overnight.

The negative lead from the US also affected Asia's other main markets.

China's Shanghai Composite was down 2% to 2,782.26 points while Hong Kong's Hang Seng traded 0.4% lower at 19,978.08.

In Australia, the ASX/200 fell 0.6% to 5,341.60 points.

South Korea's benchmark Kospi index was flat at 1,977.68.

(BBC)