Senko Plunges Most in More a Decade on Freight Company's Share Sale Plan

Senko Co., a Japanese logistics company, plunged the most in more than a decade in Tokyo trading after announcing a plan to sell as many as 17 million new shares.

Senko fell 13 percent to 315 yen as of 9:29 a.m. on the Tokyo Stock Exchange, headed for the biggest decline since January 2000. The benchmark Topix index dropped 0.2 percent.

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