FX.co ★ Fukushima-1 operator TEPCO shares drop down to low for 30 years

The shares of TEPCO which is an operator of emergency Fukushima-1 lost 19% amid rumours about its possible nationalization, Bloomberg says. The securities cost reached a 30-year low of 566 yen. According to BBC News, trading with TEPCO shares was temporarily stopped due to a huge number of sell requests. Yet, trades were resumed soon. The company’s securities have lost ¾ of their previous cost since March 11, when Japan experienced the destructive earthquake and tsunami.
It was Yomiuri newspaper that announced a possible TEPCO nationalization for a while, giving the references to the source. According to Bloomberg, the Japanese newspaper says that the national authorities will receive company’s majority shareholding and will assist the company in covering the losses caused by Fukushima-1 emergency. This information was argued by official representative of the Japan’s government Yukio Edano, however. As he says, none of all the national institutes is considering the issue of making TEPCO national property.
Meanwhile, today the national authorities called the situation on Fukushima-1nuclear power plant unpredictable, Japan has been extremely alarmed. Earlier plutonium was found in soil at various points within Japan's Fukushima nuclear complex, which may well be suggestive of the fuel slugs having partially melted.
The tension around the nuclear power plant has had the effects on investors’ mood on the Japanese market. By the end of 29 March trades Nikkei stock index dropped by 0.17%