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Tokyo: Stocks down as Takata dives on US deal

Monday, January 16, 2017 - 14:29

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[TOKYO] Japanese shares closed lower on Monday as Takata was hit by the firm's agreement to plead guilty to fraud and pay US$1 billion to settle a deadly airbag scandal.

Tokyo's benchmark Nikkei index fell 1.00 per cent, or 192.04 points, to finish at 19,095.24, while the broader Topix index of all first-section issues was down 0.92 per cent, or 14.25 points, at 1,530.64.

AFP

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