Nissan tumbles 11 percent to seven-month low after cutting guidance
TOKYO (Reuters) - Shares of Nissan Motor Co Ltd (7201.T) dropped as much as 11.6 percent to a seven-month low of 850 yen on Tuesday morning after the automaker cut its annual net profit estimate amid a slowdown in emerging markets and quality issues.
The stock was the third-most traded on the main board by turnover.
The carmaker lowered its net profit forecast for the year ending March 2014 to 355 billion yen ($3.6 billion) from 420 billion yen after the market close on Friday.
Japanese markets were closed for a public holiday on Monday.
($1 = 98.6050 Japanese yen)