Feb 29, 2012, 08.26 AM | Source: Reuters
ELPIDA-SHARES:Elpida shares plunge 98 pct after bankruptcy filing
Elpida opened down 98.1 percent at 5 yen in heavy trade after remaining untraded for most of the morning session with a glut of sell orders.
The Tokyo bourse has said there was no longer any daily limit for the stock's price moves.
The cash-strapped chipmaker filed for protection from creditors on Monday with $5.6 billion in debt, saying potential partners failed to come through to rescue it.
(Reporting By Mari Saito; Editing by Edmund Klamann)