Tokyo's shares dragged down by Toshiba | Singapore Informer

Japan’s benchmark index was weighed down for a second day on Tuesday by electronics giant Toshiba.Shares in the firm closed down 12.3% after sinking 10% on Monday ahead of an expected announcement about job cuts.Late on Monday, Toshiba confirmed it would cut 6,800 jobs at its consumer electronics division together with some jobs from other sectors.It also said it would report a record annual loss of 550bn yen ($4.53bn), which was worse than expected.

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