Nidec Shares Rise as Investors Bet on Rebound From Scandal

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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Nidec Corp.’s shares surged after an investigation into a long-running financial scandal found systemic issues with its accounting but not its manufacturing operations, giving investors hope the business can still be salvaged. The stock jumped as much as 19% in early Tokyo trading, before paring the gains to be up around 5% at 10:15 a.m. local time.
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