A measure of Australian consumer sentiment fell in May after a surprise hike in interest rates by the Reserve Bank of Australia (RBA) and a "mildly disappointing" federal budget clouded the outlook for family finances and the economy.
South Korea's LG Display Co Ltd will start supplying high-end TV panels to Samsung Electronic Co Ltd from as early as this quarter, three sources said, in a deal that would help the loss-making flat-screen maker turn profitable.
Shares of Taiwan's Foxconn and its display affiliate Sharp Corp fell on Friday after the Japanese firm reported a surprise $1.9 billion loss due to writedowns related to its flat-screen assets.
Sharp Corp , the Japanese electronics maker owned by Taiwan's Foxconn, posted on Thursday a full-year loss of $1.9 billion after writing down the value of its panel display business and a swathe of other assets.
Japan's Panasonic Holdings Corp on Wednesday said it expects net profit to rise to a record high this year on robust auto battery sales and a hefty tax credit in the United States.