Fanuc shares fall 14% following profit warning
Shares in Japanese industrial robot maker Fanuc fell as much as 13.8 per cent to Y19,985 at the open, a day after the company cut its profit forecast on worries about slowing growth in China and the IT sector.
Japanese retail trade weakens
Japanese consumers have kept their wallets in their pockets, with retail trade and sales growing at its slowest pace in three months.
Fast Asia Open: the post-China recovery
Asian shares are set to climb today as US and European markets managed to look past a volatile few days for the Chinese indices, and with the conclusion of the Federal Reserve's policy meeting looming in the next 24 hours.
The forum's 45th annual meeting at Davos, in the Swiss Alps, had at the heart of its agenda a theme entitled ‘The New Global Context’ - as delegates discussed the effects of political, economic and social uncertainty on future policy making