Foxconn, Sharp shares slide after Japan firm's surprise writedown

FILE PHOTO: A logo of Sharp Corp is pictured at the CEATEC JAPAN 2017 (Combined Exhibition of Advanced Technologies) at the Makuhari Messe in Chiba, Japan, October 2, 2017. REUTERS/Toru Hanai/File Photo

TOKYO/TAIPEI (Reuters) -Shares of Taiwan's Foxconn and Sharp Corp, the Japanese electronics maker it holds a 34% stake in, fell on Friday after Sharp reported a surprise $1.9 billion loss on writedowns of its panel display business and other assets.

Sharp's shares slid 7.17% early on Friday to 914 yen, on track for their biggest one-day loss since February. Foxconn's shares dropped 2.4% versus the broader Taiwan market decline of 0.3%.