Thursday, September 18, 2014

Sony rages on Tokyo Stock Exchange – Västerbotten Courier

Sony rages on Tokyo Stock Exchange – Västerbotten Courier

prices rose on the Tokyo Stock Exchange during morning trading after reassuring signals about the United States economy and a weak yen exchange rate to strengthen Japanese exporters.

Both leading Nikkei -225 Index and the broader Topix index rose 1.1 percent.

Technology giant Sony went against the grain after being flagged for larger losses than expected due to problems in the important smartphone market. Sony’s stock plummeted by 12 percent when the stock market opened. It recovered somewhat but had at lunchtime dropped 10 percent compared with Wednesday’s closing price.

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