Toshiba sinks 10% on reported nuclear power losses

Tokyo (AFP) – Toshiba shares fell over 10 percent on the Tokyo market Thursday following media reports of expanding losses at its US nuclear power business.

Toshiba dived 10.74 percent to 257.4 yen in early trade after the Nikkei business daily reported the troubled conglomerate could incur losses of more than 500 billion yen ($4.4 billion) in the nuclear reactor business.