TOKYO: The benchmark Nikkei average rose 3.7 percent and the broader Topix climbed 3.9 percent on Tuesday as stocks rallied after sliding in the aftermath of Friday's devastating earthquake and tsunami.
Shares in Japan's Toshiba rose 4.8 percent to 347 yen on Wednesday, after two days of selling triggered by a series of explosions and a leak of radioactivity at a quake-hit nuclear power plant north of Tokyo.
Toshiba supplied some of the reactors at the stricken Fukushima plant, but analysts say the stock has been oversold, because rising energy demand in Asia will likely mean nuclear programmes stay in place.
**TEPCO UNTRADED ON SELL ORDER GLUT ON FRESH FIRE AT NUCLEAR REACTOR**
Tokyo Electric Power's shares were untraded as sell orders by far exceeded sell orders, with the indicated price standing at 1,131 yen, down 90 yen or 7.4 percent from Tuesday's close, after losing $18 billion in market value in the past two days.
Investor concern heightened after fresh fires broke out at the building housing the No.4 reactor of TEPCO's Fukushima Daiichi nuclear power plant.
Comments
Comments are closed.