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Takata shares recover slightly ahead of earnings Takata shares recover slightly ahead of earnings
(about 1 hour later)
Takata shares recovered slightly ahead of Wednesday's earnings report after a warning earlier in the week over its airbag recalls saw them tumble.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. The Japanese company's shares were up 3.2% 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.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. Japan's benchmark Nikkei 225 index rose by 1.5% to 16,804.73 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.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. China's mainland benchmark Shanghai Composite rose by 0.3% to 2,841.61 points while Hong Kong's Hang Seng traded flat at 20,260.60 points.
South Korea's benchmark Kospi index traded flat at 1,981.87. In Australia, the ASX/200 was up 1% to 5,393.50 points with energy stocks benefitting from a slight rebound in oil prices.
South Korea's benchmark Kospi index went against the regional trend and lost 0.3% to 1,976.21.