Nissan Says China Stocks Rout May Affect Consumer Confidence

Nissan Motor Co., the biggest Japanese carmaker by sales in China, said it’s monitoring the equities rout in the country because an abrupt plunge in the stock market may affect consumer confidence.

Chinese stocks have lost about $3.9 trillion in market value in less than a month despite various government measures including the suspension of initial public offerings and restrictions on bearish bets. Automakers are starting to feel the repercussions with passenger-vehicle sales declining last month for the first time in more than two years.