TOKYO: Tokyo stocks fell 1.05 per cent at the start Thursday after poor US growth data weighed, with Honda plunging on a weaker earnings report while pharma giant Takeda dropped on a loss warning tied to the settlement of US lawsuits.
The Nikkei 225 index at the Tokyo Stock Exchange fell 211.45 points to 19,847.50 at the start.
Honda plunged as much as 7.6 per cent to 3,999.0 yen after the automaker this week announced profit drops for the fiscal year to March, as it grapples with a series of recalls partly linked to an exploding air-bag crisis.
Takeda fell 5.6 per cent to 5,939.0 yen after Japan’s top drugmaker said Wednesday it has agreed to pay $2.4 billion to settle US lawsuits over its Actos diabetes drug, amid cancer claims.
