Sharp Rises Most in 38 Years as Debt Repayment Concerns Ease
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Sharp Corp., Japan’s worst-performing major stock, rose the most in at least 38 years in Tokyo trading as concerns the company can’t pay its debts eased.
Sharp surged as much as 24 percent, the biggest gain since at least 1974, and traded at 325 yen at the 11:30 a.m. break, heading for the highest close since July 13. Sharp has declined 52 percent this year, the biggest drop on Japan’s benchmark Nikkei 225 Stock Average, which has gained 18 percent.