Sharp shares rise as China approves Foxconn takeover | 2016-08-12 | daily-sun.com

Sharp shares rise as China approves Foxconn takeover

BBC

12th August, 2016 10:26:02 printer

Sharp shares rise as China approves Foxconn takeover

 

Shares in Sharp have jumped rise after Chinese regulators approved a takeover of the Japanese electronics firm by Taiwan's Foxconn.

 

Sharp rose more than 13% after Foxconn said China's anti-monopoly authorities had approved the deal.

 

The Nikkei 225 index in Tokyo rose by 0.9% to 16,890.85 on a weaker yen helping exporters, as well as a strong performance on US markets.

 

Wall Street had hit a record high on strong oil and retail stocks.

 

Elsewhere in Asia, the ASX 200 in Australia also traded higher, up 0.2% to 5,520.5 points.

 

In Hong Kong, the Hang Seng was up 0.9% to 22,791.3 points, while the mainland Shanghai Composite remained flat at 3,004.9 points.

 

In South Korea, the benchmark Kospi index was 0.5% higher at 2,058.4 points.


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