Asian stocks continued to slide for the second session following the renewed concerns over the moderating inflation and slump in factory output in the China's economy.
Nikon (7731.T), the 98-year-old Japanese company best known for its cameras, has agreed to buy British retinal imaging firm Optos (OPTS.L) for 259.3 million pounds ($400 million) as it moves into the medical sector.
A Bloomberg report said smartphones had recently threatened sales of Japanese camera makers Nikon and Canon.
Japan-based camera maker Nikon reduced its prices in a bid to remain competitive against smartphone makers.
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