Business

Takata Airbag: Honda to Recall Additional 20 Million Faulty Airbags

Shares in Japanese airbag maker Takata fell as much as 3.5% in morning trade before recovering, as media reports suggested more recalls over faulty airbags supplied by the company.

An additional 20 million Takata airbags would be recalled by car maker Honda, Nikkei newspaper reported on May 8.

Honda shares rose 1.6% in Tokyo, while Takata shares closed 0.3% down.

Meanwhile Nikkei 225 index rose by 0.7% to close at 16,216.03, following last week’s gains in the US.

In China, shares fell in response to the disappointing trade data released on May 8, which showed that both exports and imports fell more than expected in April.

The mainland benchmark Shanghai Composite fell 2.8% to close at 2,832.11 points while Hong Kong’s Hang Seng fared better. That market index closed up 0.2% at 20,156.81.

In South Korea, the Kospi index fell 0.5% to close at a one-month low, at 1,967.81 points.

Australia’s benchmark ASX/200 rose 0.5%, closing at 5,320.70.

Clyde K. Valle

Clyde is a business graduate interested in writing about latest news in politics and business. He enjoys writing and is about to publish his first book. He’s a pet lover and likes to spend time with family. When the time allows he likes to go fishing waiting for the muse to come.

Recent Posts

Donald Trump and Elon Musk Celebrate Election Victory at UFC 309

Image source: Wikimedia Commons President-elect Donald Trump celebrated his election victory at the Ultimate Fighting…

5 days ago

White House 2024: Donald Trump Wins, Kamala Harris Calls Him to Concede Election

Millions of voters across the US chose to return Donald Trump to the White House…

2 weeks ago

Who Won? Donald Trump Declares Victory as He Addresses Jubilant Supporters in Florida

Donald Trump declares victory in the US election as he addresses jubilant supporters in Florida.…

2 weeks ago

Stocks Soaring as Donald Trump Closes in on US Victory

Stocks around the world are rising as Donald Trump appears to be on the cusp…

2 weeks ago

Who Won? Kamala Harris Cancels Election Night Party as Path to Victory Narrows

Donald Trump has won Pennsylvania, North Carolina and Georgia and taken a lead over Kamala…

2 weeks ago

Quincy Jones Dead at 91

Quincy Jones, the celebrated musician and producer who worked with Michael Jackson, Frank Sinatra, Ray…

2 weeks ago