Markets

Japan Hot Stocks-Takeda gains on tax refund

Published Updated

TOKYO: The benchmark Nikkei average fell 1.5 percent and the broader Topix was 1.3 percent lower on Monday.

The following stock was on the move:

**TAKEDA GAINS ON TAX REFUND**

Takeda Pharmaceutical Co rose 0.6 percent to 3,560 yen as the top percentage gainer on the Topix core 30, after it said on Friday it would likely receive a 57 billion yen ($690 million) tax refund.

Japan's pharmaceutical subindex slipped 0.3 percent.

Copyright Reuters, 2012