Fanuc CorporationOTCPK - Current
Aug. 31, 2015, 2:49 AM
- The combined effects of China's economic slowdown, a maturing smartphone industry and market volatility are sending jitters through Asian electronic-parts suppliers, which have long-relied on Chinese manufacturing muscle and consumer demand to power growth.
- Earlier this month, research firm Gartner said smartphone sales in China fell for the first time in Q2, while IDC forecasts smartphone shipments in the country to grow just 1.2% this year, down from 19.7% in 2014.
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Mar. 12, 2015, 8:56 PM
- With the market open in Tokyo, the Nikkei index has passed 19,000 for the first time since the dot-com bust, to reach a new 15-year high, following on the U.S. market's strong day. The index is up 0.7% so far, to 19,130.
- Early top gainers included robotics firm Fanuc (OTCPK:FANUY), up 10.2% in local trade early, while Softbank (OTCPK:SFTBY) is up 0.5% and Fast Retailing (OTCPK:FRCOY) up 1.7%.
- Big exporters are benefiting from a weaker yen: Toshiba (OTCPK:TOSYY) up 0.3%; Toyota (NYSE:TM) up 0.3% in Tokyo trade.
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