Sharp Drops on Nikkei Report It Will Cut Output: Tokyo Mover
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Sharp Corp. fell the most in almost six months in Tokyo trading after the Nikkei newspaper reported Japan’s largest liquid-crystal-display maker will cut TV panel production by half for a month at its biggest factory.
Sharp dropped as much as 6 percent, the biggest intraday decline since Aug. 9, to 617 yen, and traded at 643 yen as of the 11:30 a.m. break on the Tokyo Stock Exchange. The Nikkei 225 Stock Average gained 0.3 percent.