Japan's Sharp shares plunge 31% on capital reduction reports

GMT 01:18 2015 Monday ,11 May

Arab Today, arab today Japan's Sharp shares plunge 31% on capital reduction reports

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Tokyo - Arab Today

Shares in Japan's Sharp plunged 31 percent Monday after weekend media reports that the struggling electronics maker is planning a drastic capital reduction to help wipe away losses.

Stocks in the company fell to 178 yen in early trade, down 80 yen from Friday -- the maximum daily loss -- although subsequently bounced back slightly.

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