Olympus Shares Rise After Kyodo Reports Panasonic to Invest
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Olympus Corp., the camera maker that admitted to a $1.7 billion accounting fraud, rose to its highest in more than a month after Kyodo news agency reported Panasonic Corp. will invest in the company.
The shares gained as much as 3.5 percent to 1,378 yen before trading at 1,338 yen, the highest since March 30, at the close in Tokyo. Japan’s benchmark Nikkei 225 Stock Average gained 1.8 percent.