Takata shares rise by daily limit, up 18.2 percent

Markets Reuters

(Copyright Reuters 2017)

Shares in Japanese air bag manufacturer Takata Corp <7312.T> gained 18.2 percent on Wednesday, rising by a daily limit of 80 yen to 519 yen ($4.56), stemming four days of steep decline brought about by investor fear of a court-mediated bankruptcy.

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Takata shares were down 40 percent from a week earlier.

(Reporting by Tokyo Markets Team)