Toshiba drove Tokyo`s stock exchange to its lowest level

Toshiba drove Tokyo`s stock exchange to its lowest level

By: Simon Furman | Where To Trade | On:Wednesday, 28 December 2016
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  Toshiba declared on Tuesday that the U.S. nuclear business CB&I might be more expensive than the original calculation. 

Making this declaration, made it worse for Toshiba. The company shares went down by 20%, at the lowest level possible on the Tokyo's stock exchange.

More than that, in the day prior the announcement, Toshiba was already down 12%.

Tokyo's stock exchange lost up to 5 billion dollars due to this announcement only, and went down against Sharp stock exchange for the first time in more than seven years.

Toshiba is now seen as a negative-influencing name company.

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