Toshiba shares fell Thursday as it faced a court battle over the $18 billion sale of its prized memory chip business, a deal seen as crucial to the Japanese industrial conglomerate's survival.
The embattled stock fell as much as 5.39 percent in morning trade before ending the day at 310 yen, down 1.58 percent.
Toshiba announced late Wednesday the saleRead more
Toshiba shares jumped Wednesday on expectations it will meet a deadline to submit long-delayed earnings to financial regulators, easing fears the troubled conglomerate's stock will be yanked from the Tokyo Stock Exchange.
The shares soared more than nine percent in early trading, before closing at 290 yen, up 3.20 percent.
There were growing worries that Toshiba, one of Japan's best-knownRead more
Toshiba shares fell more than 20% soon after the market opened in Tokyo on Wednesday. The fall follows the firm's announcement that it may log a huge loss from its nuclear business in the United States.
The share price dropped 80 points from the previous day to 311.60. The decline was large enough for trading in the firm's stocksRead more