Sony Corp. (TYO:6758) will sell 90% of its stake held in its main television factory in North America to Taiwan's Hon Hai Precision Industry Co. (TPE:2317) as a part of a plan to restructure its television business.
Tokyo stocks opened sharply lower Friday with investor sentiment hurt by Sony Corp.'s forecast of an annual operating loss as well as by a fall in U.S. shares overnight due to disappointing corporate earnings there. Yesterday the Aisan markets gained on the good lead from Wall Street. Hong Kong's Hang Seng Index firmed 0.6% to 12657.99. The Shanghai Composite Index added 1%. South Korea's Kospi Composite rose 1.1% to 1116.23.