Japan Utilities Plunge After Fault Under Nuclear Plant
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Kansai Electric Power Co. led declines in Japan’s utilities after geologists said an earthquake faultline may be active under a nuclear plant that houses the country’s oldest reactor.
Kansai Electric shares fell as much as 9.7 percent, their biggest intraday decline since Oct. 23, and closed 4.4 percent lower at 742 yen in Tokyo. The Topix Electric Power & Gas Index fell 1 percent.