Takata shares rise ahead of earnings

Jessica TranterLast Update : Wednesday 11 May 2016 - 3:46 AM
Takata shares rise ahead of earnings

Takata shares recover slightly ahead of earnings

Takata billboardImage copyright Reuters

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

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2016-05-11 2016-05-11
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Jessica Tranter