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
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