Monday, May 9, 2011

Nikkei falls, Chubu Elec sinks on call for plant closure

Japan's Nikkei average fell 0.7 percent on Monday, dragged down by the plunge in Chubu Electric Power shares after Prime Minister Naoto Kan called for the closure of its nuclear plant due worries that a large earthquake could trigger another nuclear crisis.
The benchmark Nikkei closed the day down 64.82 points at 9,794.38.
The broader Topix lost 0.4 percent or 3.29 points to 853.21.

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