Mitsubishi shares fall ahead of earnings

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Shares in embattled Mitsubishi Motors continued their slide on Wednesday, ahead of earnings due out later on Wednesday.

Mitsubishi Motors shares fell 2.8% during the session.

The company’s share price has tumbled by more than 50% since it last week admitted to rigging its fuel efficiency tests.

Japan’s benchmark Nikkei 225 index shed 0.4%, closing at 17,290.49 points ahead of a key US interest rate decision.

Investors are looking at a policy meeting of the US Federal Reserve later in the day, in which the central bank is expected to hold rates steady.

In China, the mainland benchmark Shanghai Composite traded flat at 2,957.54 points, while Hong Kong’s Hang Seng fell 0.4% to 21,302.33.

In Australia, Sydney’s ASX 200 followed the region’s trend and wrapped the day 0.6% lower at 5,187.70.

South Korea’s Kospi finished flat at 2,015.40 points.

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Mitsubishi shares fall ahead of earnings
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