No single company can act as an economic indicator for a region, but Japanese robotics maker Fanuc comes close. Its recent profit warning is telling us that collateral damage from the U.S.-China trade war is spreading wider and faster than many investors suspected.
Yamanashi-based Fanuc cut its full-year profit and sales targets as fallout from the U.S.-China trade war grew fast. It trimmed the former by 3.1% to about $635 million, well short of the $940 million estimated by analysts.
