Fast Retailing Lt Stock News

Clothing brand Uniqlo's Japanese owner said on Thursday first-half operating profit climbed 18%, even as COVID-19 lockdowns in China hampered sales in its biggest overseas market.

Fast Retailing, the parent company of fashion brand Uniqlo, has announced it will temporarily suspend its operations in Russia amid the ongoing Ukraine crisis. While previously continuing its Uniqlo business in Russia, the company said it has recently faced a number of difficulties, including operational challenges and the worsening of the conflict situation. The announcement …

TOKYO: Japan’s Nikkei recorded its worst week since late November, as a surge in US inflation and little progress in talks between Ukraine and Russia’s foreign ministers soured risk sentiment. The Nikkei share average closed 2.05% lower at 25,162.78, coming off the day’s low. The benchmark fell 3.17% for the week, the most since a 3.34% retreat in the period ended Nov. 26, and marking its fourth straight weekly decline. The benchmark had plumbed its lowest close since November 2020 at 24,717.53 on Wednesday, before rallying the most in 21 months the very next day. The broader Topix lost 1.67% on Friday, down 2.46% for the week, and also registering a four-week losing run. “In this environment where it’s not possible to make a forecast for what’s coming, you can’t expect any real attempt to take stocks higher,” said a trader at a domestic securities firm. Of the Nikkei’s 225 component stocks, 142 fell, 77 rose and six were flat. The consumer, real estate and tech sectors dropped the most, while energy shares saw sharp gains as crude resumed its climb.

TOKYO: Tokyo stocks tumbled more than two percent Friday morning, tracking a selloff on Wall Street fuelled by fears of a protracted conflict in Ukraine and after more data confirming the blistering pace of US inflation. The dollar also rose to its highest level against the yen in five years as the spike in US prices fanned expectations the Federal Reserve will act more more aggressively in hiking interest rates. The benchmark Nikkei 225 index fell 2.44 percent, or 625.66 points, to 25,064.74 at the break, while the broader Topix index was down 1.99 percent, or 36.34 points, at 1,793.69. After US markets sank owing to “a surge in the US consumer price index and no progress after talks between the foreign ministers of Russia and Ukraine, Japanese shares are seen starting with falls”, said Toshiyuki Kanayama, senior market analyst at Monex. The dollar climbed to 116.38 yen, its highest rate since January 2017. “US Treasury yields have been on a rising trend, obviously with a lot of volatility.

Polish Ambassador Says Sanctions On Russia Should "Last For A Decade, Maybe 15 Years" Poland’s Ambassador to the United States, Marek Magierowski, wants the new US and EU-led sanctions on Russia which came in the aftermath of its Feb.24 invasion of Ukraine to last for ten or up to 15 years. He described in a live interview with CNN’s Christiane Amanpour on Thursday that the sanctions should "last for a decade, maybe 15 years." Also amid allegations that Russian forces are targeting hospitals, which are similar to claims made in Aleppo during Russia''s prior years'' military action there, Magierowski cited "acts of barbarism in Ukraine" that he called "war crimes, atrocities." Poland’s Ambassador to the US, Marek Magierowski On this point, he said, "I do believe and I am confident that Mr. Putin and his cronies and all his closest aides will end up in the dock, in the Hague, in the International Criminal Court, because this is what he has already fully deserved," according to CNN. Here''s what he told Amanpour in the interview on how long-lasting Russia''s total economic isolation should be: “I think that if we wanted to retaliate for that invasion against Ukraine with punitive measures and by crippling the Russian economy, we have to be determined and ready to uphold the sanctions in a longer term .

Tadashi Yanai, the founder of Fast Retailing, had faced backlash for his decision to stay in Russia.

Drapers Uniqlo U-turns on decision to stay open in Russia The parent company of Japanese retail giant Uniqlo, Fast Retailing, is to temporarily close stores in Russia, after abandoning its previous stance that it would not halt operations following the country''s invasion of Ukraine. The post Uniqlo U-turns on decision to stay open in Russia appeared first on Drapers .

Fashion chain takes action after previously saying its shops would stay open because clothes ‘are a necessity of life’ Ukraine-Russia war – latest updates The Japanese retailer Uniqlo is the latest international brand to suspend operations in Russia in a U-turn after pressure to take action over the war in Ukraine. Earlier this week Fast Retailing, the clothing chain’s owner, said it intended to keep its Russian shops open because clothing was a “necessity of life”, even as a string of brands from McDonald’s and Starbucks to Burberry and Asos suspended operations in the country. Continue reading…

Textile company Fast Retailing suspends Uniqlo operations in Russia

TOKYO (Reuters) – Uniqlo owner Fast Retailing Co is suspending its Russian operations temporarily, it said on Thursday, reversing its previous position and adding that it condemned acts of aggression.

TOKYO : Uniqlo owner Fast Retailing Co is suspending its Russian operations temporarily, it said on Thursday, reversing its previous position and adding that it condemned acts of aggression. While numerous brands announced their exits from Russia over its invasion of Ukraine, Fast Retailing''s founder had

Japanese fast fashion retailer Uniqlo says that it wants to keep politics out of business but the decision to continue running its Russian stores is already attracting criticism as rivals pull their R

TOKYO: Japanese shares reversed course to end higher on Monday as investors hoped for a positive outcome from the planned talks between Russia and Ukraine, easing concerns about the economic impact of harsh Western sanctions against Moscow. The Nikkei share average closed 0.19% higher at 26,526.82, after falling as much as 0.8% earlier in the day. The broader Topix also recouped early losses to end 0.57% higher at 1,886.93. The United States and its allies on Saturday moved to block certain Russian banks'' access to the SWIFT international payment system in further punishment of Moscow as it continues its military assault against Ukraine. Japanese shares edge higher on Wall Street gains; traders focus on US data The Ukrainian president''s office said negotiations with Moscow without preconditions would be held at the Belarusian-Ukrainian border. Russian news agency Tass on Sunday cited an unidentified source as saying the talks would start on Monday morning. "There were no market moving catalysts except the news on Ukraine and the market fluctuated depending on that.

Global Stocks, Futures Crash; Nasdaq In Bear Market, Oil Soars Above $105 On Russia Attack U.S. stock index futures crashed along with global markets on Thursday as Russia’s assault on Ukraine sent investors fleeing risky assets, while the tech-heavy Nasdaq was set to open in a bear market. Contracts on the Nasdaq 100 were down 2.9% by 7 a.m. in New York, having dropped as much as 3.6% earlier and signaling that the underlying gauge was poised to fall 20% from its November record high for the first time since the pandemic; the S&P 500 was down 2.23% or 98 points to, 4,214, while Dow futures lost 2.3%. The flight to safety saw the 10-year Treasury yield tumble 14 basis points to under 1.9%. Gold hit the highest since September 2020, while the dollar also spiked higher. The Nasdaq was set to open in a bear market, with NQ futures down more than 20% from its all time highs just two months ago… ... while the VIX spiked higher, and was last just around 37, up almost 10 points on the day.

TOKYO: Japan''s Nikkei share average tumbled more than 2% on Tuesday, extending losses to a fourth session, as sentiment soured further following an escalation in tensions around Ukraine. The Nikkei slid 2.17% to 26,327.90 by the midday break. The broader Topix slumped 1.76% to 1,877.01, also heading for a fourth straight session of losses. Only 11 of the Nikkei''s 225 constituent stocks rose, with one flat and the others falling. Healthcare was the sole sector to rise, pulled up by drugmaker Daiichi Sankyo surging about 10%, after positive results for the Erhertu cancer drug it co-developed with AstraZeneca. Consumer sectors were the worst performers, with basic materials and tech also suffering sizable losses. Tokyo shares end lower Japanese markets will be closed on Wednesday for a public holiday, putting market players in the mind to close out positions, traders said. Russian President Vladimir Putin ordered the deployment of troops to two breakaway regions in eastern Ukraine after recognising them as independent on Monday, accelerating a crisis the West fears could unleash a major war. "Risks around Ukraine have taken a turn for the worse, but at the same time, most of the potential near-term bad news has probably already been priced in by the market," said Makoto Kikuchi, chief executive of Myojo Asset Management.