Nidec Shares Rise as Investors Bet on Rebound From Scandal

Nidec 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.