Olympus Rises by Daily Limit in Tokyo as Delisting Concern Eases
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Olympus Corp., the Japanese camera and endoscope maker that admitted last week to hiding losses, rose by the exchange-imposed limit for a second consecutive day as concern the company would be delisted eased.
The world’s biggest maker of endoscopes rose by the limit of 100 yen, or 19 percent, to 640 yen at the close of Tokyo trading. Buy bids outnumbered offers to sell by about 49 to 1 earlier today, preventing a trade in the morning session.