EnergyWatch

Nuclear plant crisis has Toshiba plummeting for second day in a row

Huge delays and expensive bills from US nuclear power plants have sent Toshiba into a massive nosedive.

Photo: Carolyn Kaster/AP/Ritzau

For the second day in a row, Japanese conglomerate Toshiba has seen a large price drop in its shares, while the company has come under fire following news that it risks billion-dollar losses on its US nuclear power plants.

Wednesday, the company's shares lie 20.4 percent lower at JPY 311.6 (EUR 2.5), which follows Tuesday's 11.6 percent price decline. Wednesday's dive on the Tokyo stock exchange is also the largest experienced by the industrial giant for a long time.

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