Nokia Declines After Indian Tax Officials Raid Facility
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Nokia Oyj, the Finnish mobile-phone maker struggling to reverse falling sales, declined as much as 7 percent after Indian tax officials raided its local manufacturing facility.
The shares lost 6.4 percent to 3.07 euros at 6:11 p.m. in Helsinki trading. While the stock has had five consecutive annual declines, it has tripled since a July low.