Asahi shares hit by Corning warning

Reuters
September 4, 2008
COMMERCIAL

Shares of Nippon Electric Glass and Asahi Glass Co. tumbled on Thursday after rival Corning Inc. cut its outlook on slower-than-expected demand for glass used in flat TVs.

Asahi Glass closed the morning down 3.6 percent at 1,065 yen [$9.80], underperforming a 0.4 percent fall in the benchmark Nikkei average.

 

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