TOKYO Japanese steelmakers JFE Holdings and Kobe Steel cut their annual profit forecasts on Tuesday due to technical glitches at their plants and higher costs of electricity, distribution and subsidiary materials.
TOKYO, Aug 2 Japan's Nikkei share average on
Thursday pulled back from the previous day's near two-week
highs, as Chinese stocks fell sharply after an escalation in the
Sino-U.S. trade war soured sentiment.
TOKYO Kobe Steel Ltd on Wednesday reported a 55 percent drop in recurring profit for the April to June quarter as glitches at some plants disrupted steel output, but raised its annual sales estimate on stronger Chinese demand for construction machinery.