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Canon Electronics leads plunge among Japan's Space One shareholder companies after rocket explodes - TL;DR CNBC

Canon Electronics leads plunge among Japan's Space One shareholder companies after rocket explodes

Publishing timestamp: 2024-03-13 08:31:24


Summary

Space One's solid-fueled Kairos rocket exploded just seconds after lifting off, causing Japan's Canon Electronics shares to fall. Space One, backed by a consortium of Japanese companies and banks, had aimed to be Japan's first company to put a satellite in orbit. The failed launch led to a drop in shareholder companies' stock prices.


Sentiment: NEGATIVE

Tickers: 1803.T-JP8306.T-JP7739.T-JPRKLB7013.T-JP8411.T-JP

Keywords: rocket lab usa incasia newscanon electronics incstock marketsasia economymitsubishi ufj financial group inceast asiaforex marketsihi corpspace industrymizuho financial group incaerospace and defense industryshimizu corpbusiness newssouth asia

Source: https://www.cnbc.com/2024/03/13/canon-electronics-leads-plunge-among-space-one-consortium-after-failed-launch.html


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