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Stock impact report

Nikkei retreats from 3-month high but defense stocks jump [Reuters]

Fast Retailing Co Ltd (FRCOY)  More Company Research Source: Reuters
NASDAQ:AMEX Investor Relations: fastretailing.com/eng/ir
PDF Nikkei retreats from 3-month high but defense stocks jump | Reuters 3 Min Read * Retail investors seen buying defense shares * Kura tumbles after quarterly profit disappoints By Ayai Tomisawa TOKYO, March 6 (Reuters) - Japan’s Nikkei retreated from three-month highs after weak U.S. shares soured investor sentiment, but defense-related companies jumped on reports that North Korea has restored part of a missile launch site. The Nikkei share average shed 0.6 percent to 21,604.61 in midmorning trade, with support seen at its 25-day moving average of 21,176.28. The Nikkei has traded at a three-month high earlier this week, but analysts say investors are now taking profit in the absence of any fresh catalysts to buy. Concerns over U.S.-China trade issues have persisted after U.S. Secretary of State Mike Pompeo said President Donald Trump would reject a trade deal that was not perfect, but the United States would still keep working on an agreement. “The market’s mood has been up and down bas [Read more]
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