TEPCO's (TKECF.PK -9.7%) plunge is spreading to other utilities in recent days "as the future of...

|By:, SA News Editor

TEPCO's (TKECF.PK -9.7%) plunge is spreading to other utilities in recent days "as the future of the industry is in the hands of the politicians," says a fund manager. Banks with exposure to utility paper are sinking as well, worried about whether a bailout is coming. SMFG -1.7%, MTU -1.1%, MFG -1.9%.