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Tokyo: Toshiba leads losses in stocks

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Toshiba led losses in Japanese stocks Monday, with the troubled conglomerate plunging nearly 10 per cent following a weekend report that it will likely post a fiscal year loss of more than US$4 billion.

[TOKYO] Toshiba led losses in Japanese stocks Monday, with the troubled conglomerate plunging nearly 10 per cent following a weekend report that it will likely post a fiscal year loss of more than US$4 billion.

The benchmark Nikkei 225 index at the Tokyo Stock Exchange sank 0.37 per cent, or 70.78 points, to 18,916.02, while the broader Topix index of all first-section shares was down 0.38 per cent, or 5.82 points, at 1,531.28.

AFP

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