Takata shares recover slightly ahead of earnings
11 May 2016
- From the section Business
Takata shares recovered slightly ahead of Wednesday’s earnings report after a warning earlier in the week over its airbag recalls saw them tumble.
The Japanese company’s shares were up 2.5% in early trading, after losing 11% this week and more than 80% over the past 12 months.
Takata inflators have been linked to 11 deaths and more than 100 injuries.
Japan’s benchmark Nikkei 225 index rose by 1% to 16,724.09 points.
Traders picked up a strong lead from Wall Street and were also buoyed by hopes that the weaker yen would be good for business.
In Australia, the ASX/200 was up 1.3% to 5,411.70 points with energy stocks benefitting from a slight rebound in oil prices.
South Korea’s benchmark Kospi index traded flat at 1,981.87.
Source: BBC Business