Japan's Nikkei ends at near 2-week low amid slowdown jitters [Financial Post (Toronto, Ontario, Canada)]
FAST RETAILING UNSP/ADR (FRCOY)
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fastretailing.com/eng/ir
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Source: Financial Post
Advertisement The Nikkei share average fell 1.73% to 25,935.62, its lowest finish since June 20, after rising as much as 0.5% earlier in the day. For the week, the index fell 2.1%. The broader Topix lost 1.38% to 1,845.04 and posted a 1.1% weekly loss. “Investors were concerned about the outlook of U.S. economy,” said Shoichi Arisawa, general manager of the investment research department at IwaiCosmo Securities. Wall Street ended lower overnight, with the benchmark S&P 500 posting its steepest percentage drop for the first six months since 1970, amid concerns over the Ukraine-Russia war, soaring inflation, higher interest rates and, more recently, a possible U.S. recession. In Japan, heavyweights fell, with Uniqlo owner Fast Retailing slipping 4% to become the biggest drag on the Nikkei. Chip-making equipment maker Tokyo Electron lost 3.7%. Mitsubishi Corp fell 5.38% and peer Mitsui & Co lost 5.51% after Russia moved to create a new firm to take charge of the Sakhalin-2 oil and
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