Mitsubishi Heavy Shares Jump on Optimistic Profit Forecast
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Mitsubishi Heavy Industries Ltd., the Japanese maker of ships and aircraft parts, surged the most in almost three months in Tokyo trading after its forecast for operating profit beat previous estimates.
Shares of the company jumped as much as 9.4 percent to 418 yen before trading at 405 yen as of 1:55 p.m. in Tokyo. That’s the biggest intraday rise for the stock since Feb. 15.