Russia's seizure move hit the Japanese giant: Trading halt on shares
Original headlineRusya'nın el koyma hamlesi Japon devini vurdu: Hisselerde satış kilidi
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Russia’s move to place seven Japan Tobacco subsidiaries under temporary state management has hit the Japanese group’s shares, which fell 19% on Friday and faced no trades Monday morning due to a flood of sell orders. The affected Russian market accounts for roughly a quarter of Japan Tobacco’s profit, making the intervention material to group earnings. Investors are watching for clarity on how long the temporary management lasts and whether Moscow restores control to the company.
Muhabbit's AI wrote this summary in its own words from Dünya's report and translated it from Turkish. It can get details wrong, so check the source.
Named in this story
Japan Tobacco, Russia