Sharp Shares Fall After Reports on Restructuring: Tokyo Mover
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Sharp Corp., Japan’s biggest maker of liquid-crystal displays, fell the most in five days in Tokyo trading on reports the company may eliminate more jobs and seek investments from companies other than Foxconn Technology Group.
The shares dropped as much as 4.9 percent to 175 yen and changed hands at 177 yen as of the 11:30 a.m. trading break, extending the loss this year to 74 percent. Sharp is the worst performer in the Nikkei 225 Stock Average this year.