On June 2nd Foxconn, a subsidiary of Taiwan's Hon Hai Precision Industry Company, announced a 30% pay increase for its workers in China.

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Also in Japan, Sharp fell 1.7% as investors continue to await a decision from Hon Hai Precision Industry as to whether or not the company will inject capital into the struggling LCD panel maker.

WSJ: Europe Concerns Weigh on Asian Shares

Also in Japan, Sharp fell 0.3% as investors continue to await a decision from Hon Hai Precision Industry as to whether or not the company would inject capital into the struggling LCD panel maker.

WSJ: Europe Concerns Weigh on Asian Shares

The company has discussed such a device with its major manufacturing partner Hon Hai Precision Industry Co.

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