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Media & Entertainment

Sony shares dive 8% as underwhelmed investors lock in gains

Japan blue chip forecasts annual profit drop as pandemic-driven gaming fever cools

TOKYO -- Shares in Sony Group fell sharply on Friday, slipping nearly 8%, with investors disappointed in the company's weak earnings outlook for the current fiscal year.

Sony's stock price closed down 7.7% at 10,900 yen ($100) in Tokyo, hitting almost a two-month low. The conglomerate, which is included in Japan's blue-chip Nikkei Stock Average index, had the second biggest percentage drop out of the 225 companies that comprise the benchmark.

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