UPDATE, 11:30 PM: Sony stock ended more than 9% lower on Monday in Japan, where the country’s benchmark Nikkei index dropped more than 6%, its worst single day since 2008. Bloomberg reported earlier that Sony stopped production at 10 factories and two research centers because of damage and power outages. Meanwhile, the Bank of Japan boosted its currency injection to a total of $183B U.S.
PREVIOUS, 5:52 PM: The Bank of Japan as expected has injected a huge sum, 7 trillion yen ($85B U.S.), into the Japanese money market as the country’s stock exchange opened Monday morning jittery to say the least. Sony’s operations were among the many corporations hit hard after Friday’s quake and subsequent tsunami. Now its shares are off the block due to a glut of sell orders.
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