This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-36108480
The article has changed 5 times. There is an RSS feed of changes available.
| Version 3 | Version 4 |
|---|---|
| Mitsubishi Motors shares sink to new low | Mitsubishi Motors shares sink to new low |
| (about 1 hour later) | |
| Shares in Japanese automaker Mitsubishi Motors plunged 13.5% in Friday trade to close at 504 yen. | Shares in Japanese automaker Mitsubishi Motors plunged 13.5% in Friday trade to close at 504 yen. |
| It was the third day of hefty falls, sparked by news on Wednesday that the company admitted falsifying fuel economy data for more than 600,000 vehicles sold in Japan. | It was the third day of hefty falls, sparked by news on Wednesday that the company admitted falsifying fuel economy data for more than 600,000 vehicles sold in Japan. |
| Government officials raided a company office and authorities want a full report from the company in weeks. | Government officials raided a company office and authorities want a full report from the company in weeks. |
| The shares are 40% cheaper than before news of the false data emerged. | The shares are 40% cheaper than before news of the false data emerged. |
| Elsewhere on the Asian markets, shares of consumer electronics giant Sony also traded lower and closed down 1.7%. | Elsewhere on the Asian markets, shares of consumer electronics giant Sony also traded lower and closed down 1.7%. |
| The company trimmed nearly 10% off its previous profit estimate for the full year to March 2016, due to a one-off charge. Sony is scheduled to report its financial results next week. | The company trimmed nearly 10% off its previous profit estimate for the full year to March 2016, due to a one-off charge. Sony is scheduled to report its financial results next week. |
| On the broader Japanese market, the benchmark Nikkei 225 index reversed earlier losses and ended the Friday session higher by 1.2% - or 208.87 points - at 17,572.49. | On the broader Japanese market, the benchmark Nikkei 225 index reversed earlier losses and ended the Friday session higher by 1.2% - or 208.87 points - at 17,572.49. |
| Wall Street drag | Wall Street drag |
| Other Asian markets traded lower on Friday, mirroring how US markets performed overnight. | Other Asian markets traded lower on Friday, mirroring how US markets performed overnight. |
| South Korea's Kospi closed down 0.33% at 2,015.49. | South Korea's Kospi closed down 0.33% at 2,015.49. |
| In Australia the S&P ASX 200 ended the week down 0.69% at 5,236.39. | In Australia the S&P ASX 200 ended the week down 0.69% at 5,236.39. |
| China's Shanghai composite ended up 0.2% to 2,959.24. | |
| Meanwhile in Hong Kong the Hang Seng index dropped 0.7% to trade at 21,467. |