Japan's Nikkei rebounds from six-week low as chipmakers, Uniqlo operator rally [Reuters]
FAST RETAILING UNSP/ADR (FRCOY)
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Source: Reuters
TOKYO, Jan 17 (Reuters) - Japan's Nikkei index closed higher on Monday, boosted by chipmakers as they tracked firmer U.S. peers, with Uniqlo store operator Fast Retailing's jump for a second day supporting markets further. The Nikkei (.N225) ended 0.74% higher at 28,333.52, rebounding after touching its lowest intraday level since Dec. 6 on Friday at 27,889.21. About 3 stocks advanced for every one that fell on the benchmark index. The broader Topix (.TOPX) added 0.42%. The Topix growth share index (.TOPXG) added 0.36%, after dipping to its lowest intraday level since mid-August at the end of last week. The value index (.TOPXV) gained 0.55%, and touched its highest intraday level since late September. "Over-sold growth stocks are being bought back," said Naoki Fujiwara, a fund manager at Shinkin Asset Management. "At the same time, the shift from growth stocks to value stocks is also continuing." Fast Retailing's (9983.T) 1.86% rally made it the Nikkei's biggest gainer by index points
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