Cosco, Elpida, Mitsubishi, Noble, Rico Auto: Asia Stocks Preview
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The following companies may have unusual price changes in trading tomorrow. Stock symbols are in parentheses, and share prices are as of the latest close. The information in each item was released after markets shut unless stated otherwise.
Shipping stocks: Companies in the sector may decline as the largest drop in Japan’s oil consumption since last year’s record earthquake may drive tanker rates down 42 percent next quarter, according to Bloomberg estimates. Kawasaki Kisen Kaisha Ltd. (9107 JT) fell 2.8 percent to 176 yen, while Mitsui O.S.K. Lines Ltd. (9104 JT) slid 1.1 percent to 374 yen. Nippon Yusen K.K. (9101 JT) slid 2.4 percent to 242 yen.