NOMURA QUARTERLY PROFIT DOUBLES ON JAPANESE STOCK MARKET STRENGTH

Nomura Holdings (8604.T), Japan's biggest brokerage and investment bank, reported a doubling in second-quarter net profit after a buoyant domestic stock market led to a surge in equity offerings and retail brokerage fees. Nomura's dominant position in Japan, where the stock market is trading at 33-year highs, helped it offset lethargic dealmaking and sluggish trading overseas. July-September profit came in at 35.2 billion yen ($235 million), rebounding from last year when a sharp downturn in global financial markets battered its asset management and investment banking businesses.

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