TOKYO -- China's economic slowdown is weighing on corporate earnings across Asia and around the world as businesses and consumers tighten their purse strings in a vital market.
Nikkei tallied earnings and analyst forecasts for the October-December quarter for leading companies in the U.S., Europe, China, Japan and the rest of Asia. China suffered a particularly sharp slowdown, with sales slumping roughly 30% on the year. Net profit sank 9%, marking the first decline on a quarterly basis in two years and the largest drop since April-June 2016.
