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Wednesday, December 30, 2009

JAL stock is down 23.9% today!

Due to growing concern that Japan Airlines may file for bankruptcy, and therefore delisting itself from Tokyo Stock Exchange, JAL stock has dropped to all time low today. At some point, the stock even hit 60 yen and ended the day at 67 yen. How come it's taking this long for the Japanese Government to decide on what to do with JAL?

Source: AFP via Google News

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