Takata shares fall on new recall reports

Jessica TranterLast Update : Monday 9 May 2016 - 3:53 AM
Takata shares fall on new recall reports

Takata shares fall on new recall reports

Takata logoImage copyright AFP

Takata shares fell as much as 3.5% on Monday as media reports suggest more recalls over faulty airbags supplied by the Japanese company.

Sunday’s Nikkei newspaper said that Japanese car maker Honda will recall an additional 20 million airbags provided by Takata.

Honda shares edged 0.9% higher despite the news.

Japan’s benchmark Nikkei 225 index rose by 0.8% to 16,242.55 points, tracing last week’s gains in the US.

In South Korea, the Kospi index traded flat at 1,972.78 points.

Sydney’s benchmark ASX/200 gained 0.4% to 5,313.00 points.

Source: BBC Business

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2016-05-09 2016-05-09
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Jessica Tranter