Takata shares slump on day trader’s sale

China Daily (USA) - - BUSINESS -

given J&J ac­cess to some of its fi­nan­cial in­for­ma­tion as part of the ne­go­ti­a­tions, the sources said. Takata Corp, fi­nal­iz­ing a buyer after spurring record auto in­dus­try re­calls, fell in Tokyo trad­ing after a Ja­panese day trader told his more than 103,000 Twit­ter fol­low­ers he sold shares in the air-bag maker. The stock slumped as much as 8.8 per­cent, the big­gest in­tra­day de­cline since Nov 9, and was down 6.1 per­cent as of 2:11 pm. in Tokyo. The trader, a for­mer video game cham­pion and pachinko gam­bler who goes by CIS, wrote in a Twit­ter post­ing on Wed­nes­day that he sold all the Takata shares he’d pur­chased three weeks ago.

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