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Stock impact report

Japan's Nikkei snaps 4-day losing session as Uniqlo, tech gain [Reuters]

FAST RETAILING UNSP/ADR (FRCOY) 
NASDAQ:AMEX Investor Relations: fastretailing.com/eng/ir
Company Research Source: Reuters
The Nikkei index edged up 0.02% to 27,626.51 after slipping into the negative territory momentarily. The broader Topix inched down 0.11% to 1,926.58. The Nikkei was firm despite losses on the European stocks overnight, after the euro dropped below 99 cents for the first time in 20 years and European gas prices surged after Russia said its main gas supply pipeline to Europe would stay shut. “Japan's economy is supported by various government measures and stable compared with other countries, which gives a comfort to investors,” said Shoichi Arisawa, general manager of the investment research department at IwaiCosmo Securities. Fast Retailing gained 0.46% and provided the biggest support to the Nikkei. Censor maker TDK advanced 2.06%. Chip giants Tokyo Electron and Advantest edged up 0.31% and 1.31%, respectively. Overall, Japanese equities are underpinned by expectations of domestic growth driven by various economic measures, including further easing of border controls after Show less Read more
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