Sony Share Falls on Japanese Stock Exchange
The Japanese stock exchange started on Monday with a profit on the new trading week. Investors drew on the recent and stronger than expected job report from the United States. The Sony share, on the other hand, went into the sale after disappointing results from the Japanese technology group.
The Nikkei in Tokyo ended 0.5 percent higher at 20,883.77 points. Sony lost more than 8 percent and dropped to the lowest level in six weeks. The group reversed its sales expectations due to weaker than expected sales of digital cameras and smartphones.
Macquarie Securities reduced its advice for the share because of the uncertainty in the game division and the risks in the consumer electronics component. Honda car company (minus 3.5 percent) was also lowered after a sharp drop in operating profit in the past quarter.
Reliance Communications saw almost 40 per cent of market value evaporate in Mumbai. The telecom company of the Indian billionaire Anil Ambani is going to file for bankruptcy, after the failure of the sale of assets to pay about $ 6.3 billion in debts.
In China this week the Chinese New Year is celebrated. That is why fairs are closed there for a few days. The stock market was also closed in South Korea. In Hong Kong was still acted. There the Hang Seng index recorded 0.2 percent in the plus. The All Ordinaries in Sydney closed with a profit of 0.5 percent.