Shares of Japanese automaker Nissan tumbled as much as 10.12%, a day after the company posted downbeat quartely results and said it would reduce global production capacity by 20%. Operating profit in the second quarter plunged almost 85% year-on-year to 31.

Nissan Motor shares slumped 6% in Tokyo trade on Friday, a day after the Japanese automaker said it would cut 9,000 jobs and 20% of its manufacturing capacity as it struggles with sales in China and the United States.