Asian stocks cratered, gold prices surged and the dollar briefly plunged below 100 against the yen on Friday as the Brexit vote rocked markets. » Read More
The Taiwanese company is delaying sigining any takeover deal following a 'surprise' disclosure of possible financial risks.
Asian markets closed mostly higher Friday, with Japan extending gains, but some caution persisted after recent volatility.
Foxconn put its takeover of electronics maker Sharp Corp on hold on Thursday after discovering previously undisclosed liabilities, sources said.
News of freshly-disclosed liabilities from Sharp should not be a surprise to Foxconn, says Atul Goyal, senior analyst at Jefferies.
The Japanese electronics giant agrees to a takeover by the Taiwanese firm in a landmark deal.
Chinese shares tumbled Thursday, extending a long rout, amid tighter liquidity, but other markets in Asia settled higher.
The takeover deal is dilutive as Sharp is handing over control of its business on Foxconn's terms, explains Invast's Peter Esho.
The Shanghai composite bucked a generally downward trend in Asia on Wednesday as major indexes in Australia, Japan, and Hong Kong were down.
Markets in Australia, Japan, and South Korea closed down after a choppy trading session Wednesday, despite a positive finish in Wall Street overnight.
Markets in Asia dropped on Friday, with Japan's Nikkei tumbling, after a sell-off on Wall Street fueled by volatile oil and worries over bank earnings.
Monkeys threw a wrench into Asian markets in the Lunar New Year's first week of trading, with sell-offs in Japan, Singapore and Down Under Wednesday.
Japan's NIkkei 225 retraced losses of as much as 1.5 percent in afternoon trade to close 184.71 points, or 1.10 percent, higher.
Asian markets came under pressure Friday, closing mixed despite Wall Street's positive finish overnight, as a newly weaker dollar brought fresh concerns.
Yusuf Azizullah, CEO of Global Board Advisors, explains the politics behind Sharp-Foxconn potential takeover deal.
The Japanese company's board members chose to give the Taiwan firm preferred negotiating rights.
Most Asian markets closed up on Thursday, following a mostly higher finish on Wall Street overnight amid an oil price surge.
Sharp board members have decided to give Hon Hai Precision Industry preferred negotiating rights, a source familiar with the move said on Thursday.
Asia markets closed mixed, with indexes in Australia, Japan and Korea extending Friday's gains on the back of the BOJ's surprise rate move.
Asia markets were mixed, but largely trimmed earlier losses, despite Wall Street's fall after the Fed appeared to temper its expectations for U.S. growth.
Asian markets advanced Monday, continuing to recover from the global rout that hammered stocks in the first few weeks of 2016.