TOKYO -- Japanese cosmetics maker Shiseido's shares plummeted 14% in Tokyo on Monday after the company downgraded guidance for the year ending December last week on tumbling sales in China, its leading market.
Shiseido dropped 700 yen -- enough to trigger a trading halt -- from Friday to 4,185 yen on Monday, the lowest in about six years. The company's market capitalization shrank by 280 billion yen ($1.85 billion) in one day.
