Most Asian stocks reversed losses on late Wednesday as traders await the release of the U.S. Federal Reserve's meeting minutes due later in the day.» Read More
*Wall Street drop, Ukraine tensions curb risk appetites.
*Game Digital re-emerges after old firm nearly went bust. Although overall growth trends still firmly favor online shopping, higher share prices flag investor faith in chains such as UK video-game retailer Game Digital, electrical-appliance group Dixons, and Swiss Mobilezone.
Asian stocks declined on Friday following a global market selloff overnight but upbeat data from China helped cap larger losses.
TOKYO, Aug 1- Japan's Nikkei share average dropped to a one-week low on Friday, hit by concern that U.S. interest rates could rise sooner than expected, but strong earnings from companies such as Sony Corp limited the losses. The Nikkei ended 0.6 percent down at 15,523.11, the lowest close since July 25. Shares in Sony ended 4.68 percent higher.
Sony warned about its smartphone division when it released earnings, raising the question whether the firm should just cut its losses in the sector.
TOKYO, Aug 1- Japan's Nikkei share average dropped on Friday morning after U.S. shares languished on concerns that interest rates could rise sooner than expected, but strong earnings from Sony Corp and Panasonic Corp limited the losses.
Despite Sony's gaming success, Lewis Ward, Research Director, Gaming at IDC, warns that the tech firm may not be the leader in consoles for long.
Some of Thursday's midday movers:
TOKYO, July 31- Panasonic Corp confirmed on Thursday it would invest in U.S. electric carmaker Tesla Motors Inc's planned $5 billion lithium-ion battery plant in the United States, but said it had yet to decide on the size and timing of its investment.
Asian equities were mixed on Thursday as profit-taking overshadowed robust U.S. economic data overnight.
Japan's Sony Corp warned it doesn't now expect to make money on smartphones this year, as it reported a jump in first-quarter profit.
*Sony warns will just break even on smartphones this FY. TOKYO, July 31- Japan's Sony Corp warned it doesn't now expect to make money on smartphones this year, citing weak demand, but said restructuring will help it turn a profit in its loss-making consumer electronics division for the first time in four years.
TOKYO, July 30- Japan's Sony Corp said operating profit doubled in the April-June quarter, helped by a strong performance in its games and networks division, even as the firm cut smartphone and TV sales forecasts that analysts had said were too ambitious.
SHANGHAI, July 30- Microsoft Corp will launch its Xbox One gaming console in China on September 23, making it the first foreign company to start selling consoles in the world's third biggest gaming market after a ban on the devices was lifted this year.
Japanese video game maker Nintendo posted a worse-than-expected operating loss in the second quarter as it struggles with shrinking sales.
July 29- Corning Inc reported second-quarter core earnings below analysts' average estimate, hurt by lower demand for its Gorilla Glass, which is used in smartphones made by Apple Inc and Samsung Electronics Co Ltd.. Apple is also reportedly planning to switch from using Gorilla glass to GT Advanced Technologies' Sapphire glass for its next iPhone.
With PlayStation network, Sony goes back to the future in search of revival. TOKYO- Japan's Sony Corp is hammering out plans to rise from the ashes of nearly $10 billion lost in six years by building a future around its last consumer electronics blockbuster- the PlayStation.
TOKYO, July 29- Japan's Sony Corp is hammering out plans to rise from the ashes of nearly $10 billion lost in six years by building a future around its last consumer electronics blockbuster- the PlayStation.
Investors are paying close attention to this reporting season which will give insights into how profitability is holding up following the tax hike.
Japan will be the market to watch this week on the back of key data and as earnings season in the world's third-largest economy kicks into full gear.