TSE suspends Takata shares from trading
Exchange investigating reports auto supplier set to file for bankruptcy
TOKYO -- The Tokyo Stock Exchange said Friday it was suspending the shares of Takata from trading from 8:20 a.m.
The exchange said the measure was for it to investigate media reports that the automotive supplier, teetering following the massive defective airbag inflator scandal, is set to initiate civil rehabilitation proceedings.
The news prompted investors to flock to place sell orders for Takata shares, sending indicative prices down.