China protests hurt Japan shares

Written By Unknown on 18 September 2012 | 09.07

Shares of some Japanese firms that have suspended part of their operations in China in wake of the anti-Japan protests have fallen in Tokyo.

Nissan shares dropped 2.5%, Fast Retailing fell 4.2%, Honda Motors dipped 2% and Panasonic slid 1.3%.

The protests followed Japan's purchase of islands in the East China Sea, over which China claims sovereignty.

Though the firms have suspended operations temporarily, there are fears the protest may escalate further.

"This is a major concern. The worry is that if it is not dealt properly and fast enough, the situation may get out of hand," Martin Schulz of Fujitsu Research Institute told the BBC.

"And any such development will hurt Japanese firms even further."

18 Sep, 2012


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Source: http://www.bbc.co.uk/news/business-19632047#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa
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