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0.0102394832204191 0.0102394832204191 -0.016385694028675 -0.016385694028675 -0.0173310225303292 -0.0182763510319836 -0.0178036867811564 -0.022530329289428
Stock impact report

Nikkei hits one-month low as new variant spurs slowdown worries [Reuters]

FAST RETAILING UNSP/ADR (FRCOY) 
NASDAQ:AMEX Investor Relations: fastretailing.com/eng/ir
Company Research Source: Reuters
By 0205 GMT, the Nikkei share average (.N225) dropped 2.3% to 28,829.95, its lowest since Oct. 29, while the broader Topix (.TOPX) fell 1.81% to 1,989.03. For the week, the Nikkei is set to lose 3%, while the Topix is on track to fall 2.7%. "The market's fundamentals have been weak as investors kept selling when the Nikkei got closer to 30,000," said Kazuharu Konishi, head of equities at Mitsubishi UFJ Kokusai Asset management. "So, it easily got damaged by negative news, such as the one about new virus variant. Although it might be too rough to conclude that today's declines were only due to the virus." The variant, detected by scientists in South Africa, may be able to evade immune responses and has prompted Britain to hurriedly introduce travel restrictions on South Africa. read more In Japan, heavyweights declined, with Uniqlo clothing store operator Fast Retailing (9983.T) losing 3.13%, technology investor SoftBank Group (9984.T) falling 5.04% and chip-making equipment Show less Read more
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