Business News

Tokyo stocks rise by break, Sharp dives on takeover questions

TOKYO, (APP/AFP): Tokyo stocks rose Friday morning as poor
inflation data weighed on the yen, while Sharp nosedived amid questions swirling over the fate of a multi-billion-dollar takeover by the parent company of Taiwan’s Foxconn.
The benchmark Nikkei 225 index at the Tokyo Stock Exchange gained
1.19 percent, or 192.63 points, to 16,332.97 by the break, while the broader Topix index of all first-section shares climbed 0.82 percent, or 10.72 points, to 1,318.26.