Japan's Nikkei sheds early gains as SoftBank, Fast Retailing drag [Reuters]
FAST RETAILING UNSP/ADR (FRCOY)
NASDAQ:AMEX Investor Relations:
fastretailing.com/eng/ir
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Source: Reuters
Group and Fast Retailing, while investors maintained a cautious stance ahead of the earnings season. Chipmakers led the early gains, but losses in shares of heavyweights Fast Retailing, which operates the Uniqlo clothing chain, and startup investor SoftBank deepened, eventually erasing about 80 points combined from the Nikkei. The benchmark stock index entered the trading break flat at 26,830.82, after earlier rising as high as 27,100.59, but failing to hold around the key psychological level of 27,000. Still, winners handily outnumbered the losers, with 161 of the Nikkei's 225 components gaining versus 60 declining and four that were flat. The broader Topix added 0.37% to 1,887.07. Of the 33 Tokyo Stock Exchange sub-sectors, 25 rose. Shippers gained the most, rising 2.51% to extend their rebound from a 10-week low reached a week ago. Services dropped 0.58% and retail sank 0.51% to fare the worst. In the Nikkei, Tokyo Electron and chipmaking rival Advantest tracked their U
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