Japan quake triggers Toshiba share price fall


Japan quake triggers Toshiba share price fall

Shares in the electronics group Toshiba fell sharply in the aftermath of Japan’s devastating earthquake and Tsunami.

Toshiba, the world’s largest manufacture of flash memory chips, and a major supplier of notebook computers, saw its shares fall by 5.5% after the quake struck on Friday.

Overall, Tokyo’s Nikkei share index slumped by 6%, as amid concerns over the economic impact of Friday’s events for Japan’s leading manufacturers.

The spot price for Nand Flash memory rose sharply on Monday following a brief interruption at Toshiba’s flash memory production centre.

The plant at Yokkaichi, is to the south of Tokyo is some 1,000 km from the area worst hit by the earthquake.

Toshiba manufactures digital consumer products, including mobile phones, hard drives, notebook computers, DVD players and flat screens, in addition to flash memory chips.

Over 10,000 people are feared dead after an earthquake measuring 8.9 on the Richter scale struck the North-East of Japan, triggering the tsunami, on Friday afternoon.

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