Japan’s Sharp falls as losses mount, Sony picks up

Shares of Japan’s Sharp Corp fell on Friday as worries about the TV and display maker’s future deepened a day after it warned of a US$5.6 billion net loss for this year and said it might not be able to survive on its own.

Rival Sony Corp rose, however, and Panasonic Corp’s shares steadied after a slide to their lowest in more than 30 years, as investors look for signs that Japan’s tech firms are finally moving to cope with tough overseas competition and a sluggish global economy.

via Business feed http://www.scmp.com/business/companies/article/1074551/japans-sharp-falls-losses-mount-sony-picks