Mazda Leads Japanese Automakers Lower as Yen Strengthens
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Mazda Motor Corp., Japan’s most export-reliant carmaker, led shares of the nation’s automakers lower as mounting concerns about the European debt crisis drove the yen to the highest in almost three months against the euro.
Mazda declined as much as 9.1 percent to 100 yen, the lowest intraday level based on data compiled by Bloomberg stretching back to 1974. It traded at 103 yen at 10:56 a.m. on the Tokyo Stock Exchange. All of the nation’s eight biggest carmakers fell, including Toyota Motor Corp.