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Tokyo: Stocks fall for third day, Sharp drops on Foxconn takeover

Thursday, March 31, 2016 - 14:34


[TOKYO] Tokyo shares ended lower for a third straight session on Thursday, as Sharp tumbled on news its takeover by Taiwan's Foxconn would go ahead at a sharply reduced price.

The benchmark Nikkei 225 index at the Tokyo Stock Exchange lost 0.71 per cent, or 120.29 points, to close at 16,758.67, while the broader Topix index of all first-section shares fell 0.67 per cent, or 9.09 points, to 1,347.20.


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