Asian stocks fluctuate;sharp falls, consumer shares rise
Bareksa • 14 Apr 2014
Asia’s benchmark stock index swung between gains and losses as raw-material companies declined and Sharp Corp - (Bloomberg/Tomohiro Ohsumi)
Asia’s benchmark stock index swung between gains and losses as raw-material companies declined
Bloomberg - Asia’s benchmark stock index swung between gains and losses as raw-material companies declined and Sharp Corp. slumped, while consumer shares advanced.
Sharp tumbled 8.4 percent in Tokyo after the supplier of displays for Apple Inc.’s iPhone and iPad said its considering ways to increase capital. Nippon Meat Packers Inc. rose 2.4 percent as UBS AG advised buying the shares. Rio Tinto Ltd. sank 1.1 percent in Sydney as mining companies fell, while Chongqing Changan Automobile Co. soared 10 percent in Shanghai to lead consumer firms higher.