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. Last Updated: 07/27/2016

Yahoo Japan Peaks




TOKYO -- Internet firms in Japan are feeling like a hundred million yen these days and none more so than Yahoo Japan, whose stocks Wednesday became the nation's first to spring through that level.


Shares in Japan's most popular Internet portal briefly rose by the daily limit to hit 101.4 million yen ($959,600), following a five-day rally partly inspired by a planned two-for-one share split unveiled last week.


Buying, however, faltered in the afternoon with the share last traded at 99.1 million yen, down 0.3 percent. It spent the rest of the day ask-only at 97.4 million yen, down by the daily limit of 2 million yen from the previous day's close.