Reuters: Global Markets: Sharp shares sag as investors still await Hon Hai

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Sharp shares sag as investors still await Hon Hai Aug 31st 2012, 00:20 TOKYO | Thu Aug 30, 2012 8:20pm EDT TOKYO (Reuters) - Shares of Sharp Corp (6753.T) shed 11 percent on Friday morning as uncertainty remained over Hon Hai Precision Industry's (2317.T) investment in the embattled Japanese TV maker. Some investors had expected the two companies to announce a deal on Thursday when the Taiwanese company's chairman, Terry Gou, visited Sharp's flagship LCD panel factory in Sakai, western Japan. Media reports said Gou left Japan on Thursday but Hon Hai said the partners were continuing their discussions. Sharp shares had rebounded strongly on expectations of the deal.

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