Kobe Steel shares tumble, Nikkei says 30-plus foreign customers affected
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[TOKYO] Shares of Kobe Steel Ltd slid more than 8 per cent early on Friday after the Nikkei newspaper said more than 30 non-Japanese customers including Daimler AG and Airbus SE had been affected by the firm's data falsification.
Kobe Steel shares were down 8.5 per cent at 0030 GMT after stabilising on Thursday to close slightly higher.
Chief Executive Hiroya Kawasaki had warned reporters on Thursday that the data fabrication practice, which the company said affected about 200 companies, may have spread beyond Japan.
The government has ordered it to report on how the misconduct occurred and address safety concerns within about two weeks.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
South-east Asian markets account for 8.8% of global capital inflows from 2021 to 2024: report