Toshiba shares extend losses on accounting woes
Reuters
Published Jan 19, 2017 07:27PM ET
Toshiba shares extend losses on accounting woes
TOKYO (Reuters) - Shares in Japan's Toshiba Corp (T:6502) extended losses on Friday, weighed down by concern over a potentially bigger-than-expected $6 billion writedown triggered by cost overruns at its U.S. nuclear business.
The shares were down 6 percent in early trade and pared some losses to trade down around 4 percent by 0012 GMT. Toshiba's shares have almost halved since the group first announced in December the prospect of a nuclear writedown.
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Written By: Reuters
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