Mitsubishi up on compensation reports

Jessica TranterLast Update : Tuesday 10 May 2016 - 3:34 AM
Mitsubishi up on compensation reports

Mitsubishi shares rise on compensation reports

Mitsubishi Motors logoImage copyright Getty Images

Shares in Mitsubishi Motors have risen on media reports the Japanese car maker will compensate customers after it admitted falsifying fuel efficiency data.

The embattled firm saw its shares rise by as much as 3.6% on the local media reports.

Mitsubishi Motors’ shares have tumbled by more than 50% in the wake of the scandal.

Japan’s Nikkei 225 rose by 0.5% to 16,299.54 points.

Takata shares shed 3.5% after Japanese media suggested there would be an additional 7 million recalls of faulty airbags supplied by the company.

Australia’s ASX/200 was 0.6% down at 5,292.70 points, weighed down by commodity giants BHP Billiton and Rio Tinto both losing more than 4% due to weaker iron ore prices.

In South Korea, the benchmark Kospi index remained flat at 1,969.48 points.

Source: BBC Business

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2016-05-10 2016-05-10
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Jessica Tranter