The logo of Foxconn, the trading name of Hon Hai Precision Industry, is seen on top of the company’s headquarters in New Taipei City, Taiwan March 29, 2016.
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Sharp rose more than 13% after Foxconn said China’s anti-monopoly authorities had approved the deal.
Shares slumped 3.69 percent Friday. underperforming the benchmark index.
Toshiba jumped 4.1 percent to 274.5 yen by the break ahead of the announcement of its first-quarter earnings report later Friday.
Revenue at Hon Hai fell 5.2 percent to NT$922 billion compared to analyst expectations of NT$937.8 billion. Sharp is also a supplier of screens used in Apple’s iPhones.
In July, Hon Hai’s shipments in consumer electronics devices grew steadily from June, and its shipments in communications devices stayed stable, while shipments in computing devices weakened compared with a month earlier, the company said.
The world’s biggest contract manufacturer of electronics is battling a widespread slowdown in smartphones and personal computers as Apple Inc., its largest customer, expects a third straight quarter of declining sales.
Analysts said that due to a downtrend of the Chinese yuan’s value against the US dollar, Hon Hai, which operates a broad production base in China, is expected to benefit from foreign exchange gains in the third quarter.
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The Nikkei 225 index in Tokyo rose by 0.9% to 16,890.85 on a weaker yen helping exporters, as well as a strong performance on USA markets.
