Japan's Nikkei ends flat as chip gains counter Uniqlo owner's retreat [Yahoo! Finance]
FAST RETAILING UNSP/ADR (FRCOY)
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Source: Yahoo! Finance
Tuesday, as gains in chip-related stocks offset declines by heavyweights such as Uniqlo-owner Fast Retailing and Nissan Motor. The Nikkei's three biggest supports were in the semiconductor sphere, led by chipmaking-equipment giant Tokyo Electron, as they tracked a record rally in U.S. peer Nvidia. However, Nissan slumped nearly 4% after an update to its medium-term business plan that underwhelmed investors. Fast Retailing sagged 1.63%, continuing its retreat from Friday's record high. The Nikkei finished the day off 0.04% at 40,398.03 while the broader Topix rose 0.11%. On Monday, the Nikkei slid 1.16% after hitting an all-time peak of 41,087.75 on Friday. This year, it has rallied more than 20%. Noting support from the upward-pointing five-day moving average, "I think it would be quite difficult for the Nikkei to turn lower," said Kazuo Kamitani, an equity strategist at Nomura Securities. However, the market lacks a clear sense of direction amid a dearth of fresh tradin
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- The new UNIQLO x Marimekko collaboration collection brings joyful patterns to a summer picnic [Yahoo! Finance]Yahoo! Finance
- Japan's Uniqlo opens Rome store as part of European expansion [Reuters]Reuters
- Japan's Nikkei ends higher as chip shares track US tech stocks, Fast Retailing weighs [Yahoo! Finance]Yahoo! Finance
- Japan's Nikkei rises as tech shares track US peers, Fast Retailing weighs [Yahoo! Finance]Yahoo! Finance