China Financial News Headlines

Sony Share fell to the Lowest Points in 13 Years; Sony probably close its Partial Factories
According to foreign media, because of its reduced profit expectations, the world second-largest consumer electronics maker Sony shares in Tokyo today fell into lowest points in 13 years. Sony chief executive Nobuyuki Oneda said that Sony would reduce expenditure and close its partial factories to get through the difficult time.

Recession and High Yen Exchange Rate forces Sony to Lower the Growth Forecast this Year
According to foreign media, because the economy slows down and the yen exchange rate walks higher, the sales volume of key products has to be reduced. Therefore, Sony Company reorganizes the fiscal forecast index this year.

Sony lowers 59% Performance because of sales volume decline and exchange rate influence
The U.S. market condition has seriously affected the export of Sony products, as more than half of sales volume of Sony comes from North American and European markets. Slump of Japanese stock market makes damage in stock and bond investment business, so there are only games and film sectors still keeping the expected anticipation.

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