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via finance.yahoo.comBusiness & Companies

Japan Tobacco shares face 19% slump after Kremlin seizes Russian assets

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com -- Japan Tobacco shares were indicated nearly 19% lower on Friday after Russian President Vladimir Putin placed four of the tobacco maker's Russian units under temporary management, stripping control over a significant overseas business. Still guessing which stocks…

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishLosing control of a significant overseas business at a large tobacco maker can weigh heavily on the stock and the Nikkei index.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Putin signed a decree on November 5 placing four JTI businesses under temporary Russian management.
  2. 02Japan Tobacco shares were indicated 19.3% lower from Thursday's record close of 7,769 yen.
  3. 03The Nikkei 225 was down 5.7% by midday.
  4. 04The affected entities include JTI Donskoy Tabak, JTI Yelets, Kres Neva and Petro.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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Breaking live stories come from third-party newswires via feed; headline and summary belong to the stated source. Impact analysis: UCapital AI · News Impact.

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