By Reuters
Share this articleComments
TOKYO (Reuters) - Japan's Sharp Corp on Friday cancelled plans to issue up to $2 billion (£1.6 billion) in new shares, saying trade friction between the United States and China has increased volatility in the stock market.
The company announced the plan only a week ago, saying it would use the funds to buy back shares and invest in research and development.
Shares in Sharp were untraded with a glut of buy orders on the Tokyo Stock Exchange.
(Reporting by Chang-Ran Kim; editing by Richard Pullin)
Share this articleComments