Nikkei falls as Fast Retailing weighs; market cautious before U.S. midterm elections [Reuters]
FAST RETAILING UNSP/ADR (FRCOY)
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Source: Reuters
Nikkei falls as Fast Retailing weighs; market cautious before U.S. midterm elections | Reuters 3 Min Read * Fast Retailing takes more than 105 points off from Nikkei * Subaru tumbles after report it may cut earnings forecast * Market cautious before U.S. midterm elections Tues By Ayai Tomisawa TOKYO, Nov 5 (Reuters) - Japan’s Nikkei fell on Monday morning as budding hopes of a resolution to the U.S.-China trade war faded, while shares of index-heavy Fast Retailing tumbled after dismal monthly sales data. The Nikkei share average dropped 1.6 percent to 21,898.99, pulling back from a two-week high on Friday when investors cheered signs that Beijing and Washington were seeking to resolve their trade row. Those hopes were dashed after White House economic adviser Larry Kudlow, speaking on CNBC, contradicted a report earlier in the day that had suggested the White House was taking steps to work out a deal. Analysts said that weakness in Chinese shares is also dimming the mood, while invest
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