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Home / Business / Nissan shares slide after earnings fell 70%. Forecasts declined – the Asian market last

Nissan shares slide after earnings fell 70%. Forecasts declined – the Asian market last



The shares of Japan's second-largest automaker even fell by 4.3% in Tokyo's early trading. By the morning he had caught up with some of these losses and had recently fallen by about 1.4%.

So far, Nissan shares have fallen 20% this year.

Japan's Reference Index Nikkei 225 [194559004] ( N225 ) yielded 0.8% on Wednesday morning.
] Nissan said after closing on Tuesday that its operating income in the three months ended in September had dropped 70% to 30 billion yen ($ 275 million), well below the estimated 47.5 Billion yen from a survey of refinish among analysts lies.

The automaker is lowering its sales forecast with expected 5.2 million vehicles sold for the fiscal year to March 2020 ̵

1; 5.4% less than originally expected. The full-year operating result forecast has been reduced by 35%.

In other parts of the region, the Hang Seng Index ( HSI ) in Hong Kong declined by nearly 2%. The index has fallen 4% since the beginning of this week, weighed down by escalating violence in the city during protests.
South Korea's Kospi Index ( KOSPI ) lost 0.9%. China's Shanghai Composite Index ( SHCOMP ) yielded by 0.5%.
US equity futures also fell. The Dow ( INDU ) S & P 500 ( SPX ) and Nasdaq COMP ) all fell by more than 0.2%.

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