Tepco share price tumbles 18.09%, Nikkei 225 retreats - CFD and Spread Betting Update

Tepco share price tumbles 18.09%, Nikkei 225 retreats - CFD and Spread Betting Update

CFD trading and spread betting market update for 5th April 2011 from City Index (http://www.cityindex.co.uk/)

Share prices of the Tokyo Electric Power Company (Tepco) have fallen to an "all-time low", Reuters noted, after closing down by 18.09 per cent today (April 5th).

Losses were extended by the organisation's shares during the afternoon session, hitting a record low of 362 yen.

The news agency explained that such a plummet occurred on the back of investor concerns about the financial consequences of trying to keep its nuclear power plant in check, which was badly damaged by the Japanese tsunami that was triggered by the March 11th earthquake.

A 1.06 per cent retreat was also experienced by the Nikkei 225, which closed on 9,615.55 points.

Reuters stated that foreign investors helped to contribute to the decline by "heavily offloading blue-chip exporters".

Yesterday, agriculture shares were badly hit in Japan after it was announced that the sea could be contaminated with radioactive material which had leaked from Tepco's nuclear plant, Bloomberg reported.

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