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Mmastodon BusinessMarkets first seen 23 h ago, last 19 min ago, peak #3

Nidec shares plunge 20% after auditor withholds opinion

Original: Nidec shares have plummeted as much as 20% in Tokyo after the Japanese motor maker's auditor declined to give an opinion

Shares in Japanese motor maker Nidec fell as much as 20% in Tokyo after its auditor declined to give an opinion on the company's long-awaited financial statements. The refusal to certify the accounts has rattled investors, raising concerns over the reliability of the company's financial reporting and sending the stock sharply lower.

Why now: Investors are reacting to a rare and serious audit red flag on one of Japan's best-known industrial companies.

NidecTokyo Stock ExchangeJapan

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Rank over time, top of the chart is #1. 18 snapshots from 23 h ago to 19 min ago.

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API: https://socialmediatrends-api.osmike.com/v1/trends/584363