January 20, 2017 / 12:27 AM / a year ago

Toshiba shares extend losses on accounting woes

TOKYO (Reuters) - Shares in Japan’s Toshiba Corp (6502.T) 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.

    Reporting by Clara Ferreira Marques; Editing by Himani Sarkar

    0 : 0
    • narrow-browser-and-phone
    • medium-browser-and-portrait-tablet
    • landscape-tablet
    • medium-wide-browser
    • wide-browser-and-larger
    • medium-browser-and-landscape-tablet
    • medium-wide-browser-and-larger
    • above-phone
    • portrait-tablet-and-above
    • above-portrait-tablet
    • landscape-tablet-and-above
    • landscape-tablet-and-medium-wide-browser
    • portrait-tablet-and-below
    • landscape-tablet-and-below