Nomura Shares Tumble Most in Two Years After Profit Miss

Nomura Holdings Inc. shares dropped the most in more than two years after Japan’s biggest brokerage posted lower-than-estimated profit on weakness in its wholesale business and another loss abroad.

The stock dropped as much as 8.5% on Wednesday morning, the biggest daily decline since March 2021. The shares have gained about 13% this year, versus the benchmark Topix index’s 23% advance.

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