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Mitsubishi Motors shares keep falling after fuel scandal | Mitsubishi Motors shares keep falling after fuel scandal |
(about 5 hours later) | |
Shares in car maker Mitsubishi Motors continued to fall on Monday after the car maker admitted rigging fuel efficiency tests. | Shares in car maker Mitsubishi Motors continued to fall on Monday after the car maker admitted rigging fuel efficiency tests. |
After falling more than 40% in the past week, shares lost by another 4.8%. | |
The Japanese company is expected to announce annual results on Wednesday with media reports suggesting it may skip its earnings forecast originally scheduled for the same day. | The Japanese company is expected to announce annual results on Wednesday with media reports suggesting it may skip its earnings forecast originally scheduled for the same day. |
Tokyo's benchmark Nikkei 225 closed 0.8% down at 17,439.30 points. | |
Traders were cautious ahead of an important Bank of Japan meeting where the lender might decide on more monetary easing. | Traders were cautious ahead of an important Bank of Japan meeting where the lender might decide on more monetary easing. |
The country's central bank will on Thursday decide on its interest rate which currently is negative as an attempt to spur growth. | The country's central bank will on Thursday decide on its interest rate which currently is negative as an attempt to spur growth. |
Hong Kong's Hang Seng fell slightly by 0.5% to 21,367.24 while the mainland's Shanghai Composite also lost 0.5% to 2,944.10. | |
In Korea, the Kospi index finished the day flat at 2,014.55 points. | |
Markets in Australia and New Zealand remained closed due to the Anzac Day holiday. | Markets in Australia and New Zealand remained closed due to the Anzac Day holiday. |