Tokyo Electric Power fell as much as 12 per cent after the Nikkei newspaper said the government may buy common shares to take control of the utility, reports Bloomberg. The stock fell to 153 yen, the lowest intra-day price since June 9 last year. It traded at 170 yen at 10:52am on the Tokyo Stock Exchange. Tepco has dropped 92 per cent since the day before the March 11 quake and tsunami wrecked its Fukushima Dai-Ichi nuclear plant, causing radiation leaks and mass evacuations.

This entry was posted by Kate Mackenzie on Tuesday, January 10th, 2012 at 4:39 and is featured in The 6am Cut London (10 Jan 2012), The Lunch Wrap (10 Jan 2012) . Tagged with fukushima, tepco, Tokyo Electric Power. Edit this entry.