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Market Impact: 0.48
Nidec Shares Plunge After Auditor Withholds Opinion on Earnings
Source: Bloomberg
Corporate EarningsLegal & LitigationManagement & Governance
Nidec shares fell as much as 20% in Tokyo after its auditor declined to issue an opinion on the Japanese motor maker's delayed full-year financial results. The development intensifies investor concern over the scandal-hit company's financial reporting and governance, creating a significant negative catalyst for the stock.
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strongly negative
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