FAST RETAILING CO LT Stock News

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TOKYO: Japan''s Nikkei slumped on Friday to its lowest level in a month, on worries that a new coronavirus variant found in South Africa could hinder a global economic recovery. By 0205 GMT, the Nikkei share average dropped 2.3% to 28,829.95, its lowest since Oct. 29, while the broader Topix fell 1.81% to 1,989.03. For the week, the Nikkei is set to lose 3%, while the Topix is on track to fall 2.7%. "The market''s fundamentals have been weak as investors kept selling when the Nikkei got closer to 30,000," said Kazuharu Konishi, head of equities at Mitsubishi UFJ Kokusai Asset management. "So, it easily got damaged by negative news, such as the one about new virus variant. Although it might be too rough to conclude that today''s declines were only due to the virus." The variant, detected by scientists in South Africa, may be able to evade immune responses and has prompted Britain to hurriedly introduce travel restrictions on South Africa. In Japan, heavyweights declined, with Uniqlo clothing store operator Fast Retailing losing 3.13%, technology investor SoftBank Group falling 5.04% and chip-making equipment maker Tokyo Electron slipping 2.62%.

General trend EUR/USD trades slightly lower after prior gain. Copper FUTs rise over 1%. US equity FUTs rise after mixed session on Wall St. US Fed Chair announcement in focus. Nikkei has traded modestly higher, little reaction seen to stimulus confirmation; Index heavyweights lag [Fast Retailing and Softbank Group]. Hang Seng TECH index has dropped [] The post UK Retail Sales Due Later Today appeared first on Action Forex .

TOKYO: Japanese shares reversed early gains on Wednesday as concerns over rising costs and a weaker yen outweighed gains made by technology heavyweights after a strong finish on Wall Street. The Nikkei share average fell 0.4% to 29,679.68 by 0201 GMT, while the broader Topix lost 0.55% to 2,039.51. Earlier in the session, the Nikkei had gained 0.3% and the Topix had risen 0.2%. Overnight, all the three major indexes on Wall Street closed higher on the back of upbeat retail sales data. Japanese shares rise on bargain hunt, cost worries hurt risk appetite "The yen''s weakness against the dollar is good for some companies but also a negative factor for others. Now, investors are focusing on the latter, especially because materials costs are rising," said Yutaka Miura, a senior technical analyst at Mizuho Securities. "But declines in Japanese shares are limited thanks to the solid performance of the US market." The dollar rose to a 16-month high overnight after data showed US consumers looked past rising prices and drove retail sales higher than expected last month.

Some clothing releases at Uniqlo stores will be delayed due to COVID-19 lockdowns at partner factories in Vietnam, Uniqlo's Japanese parent firm Fast Retailing said on Thursday.

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Retail group Fast Retailing said on Thursday it was slashing prices by around 9% at its Uniqlo and GU stores in Japan, saying it recognised that many customers were experiencing "unprecedented difficu

Sho Kawano of Goldman Sachs explains why he expects pent-up demand from Japanese consumers when the situation in the country normalizes.

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Uniqlo's parent company Fast Retailing has been struck by the impact of COVID with revenue down in its Q1 results. However, strong e-commerce performance in Japan and Greater China paired with loungew

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