Shares in Panasonic dived nearly 20 percent Thursday after the Japanese firm warned of a mammoth $9.6 billion annual loss in the latest sign of trouble for the nation's hard-hit electronics giants.
The consumer electronics firm's shares closed 19.45 percent lower at 414 yen on the Tokyo Stock Exchange after it said Wednesday that it would report the huge loss as it undergoes a major overhaul of its troubled business. - Sapa-AFP