Tokyo: Stocks drop as Takata sinks on report of huge recall cost
[TOKYO] Tokyo stocks closed lower Wednesday as Takata shares dropped more than 19 per cent following a news report that the embattled Japanese airbag supplier's recall-related costs could be as high as US$24 billion.
The benchmark Nikkei 225 index slipped 1.31 per cent, or 224.57 points, to 16,878.96, extending the previous day's 0.18 per cent slide. The broader Topix index of all first-section shares fell 1.55 per cent, or 21.31 points, to 1,356.29.
AFP
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Asia: Markets build on Wall Street rally, yen holds bounce
Singapore shares open in the red on Tuesday; STI down 0.3%
Stocks to watch: Wilmar, MLT, FEHT, CDLHT, Starhill Global Reit, IReit Global
Europe: Stocks eke out gains after German inflation data; Deutsche Bank drops
US: Stocks end higher, extending rally
Yen surges against US dollar on suspected intervention