TEPCO shares up 12% as temperatures rise in Japan - Breaking The News

TEPCO shares up 12% as temperatures rise in Japan

4 July

1 min read

EPA/TOMOHIRO OHSUMI

Shares of Tokyo Electric Power Co. Holdings Inc. (TEPCO) rose on Monday by 12% amid increasing demand amid the high temperatures in summer.

Investors see an opportunity in Japan's electricity crisis as temperatures in Tokyo skyrocketed over the past week, resulting in the most extreme heat wave for the end of June in records dating back to 1875. Meanwhile, prices of electricity are expected to remain higher.

Shares of TEPCO were up by 12.78% at 7:28 am CET to sell for ¥653.

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