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…
Read at the source ↗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
- 01Putin signed a decree on November 5 placing four JTI businesses under temporary Russian management.
- 02Japan Tobacco shares were indicated 19.3% lower from Thursday's record close of 7,769 yen.
- 03The Nikkei 225 was down 5.7% by midday.
- 04The affected entities include JTI Donskoy Tabak, JTI Yelets, Kres Neva and Petro.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Japan Tobacco Inc.6,269.00 JPYMarket closedtoday -19.31%Negative Nikkei 22557,434.77Market closedtoday -5.96%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets