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Stock impact report

Nikkei hits over six-week low; low support ratings for new PM weigh [Reuters]

FAST RETAILING UNSP/ADR (FRCOY) 
NASDAQ:AMEX Investor Relations: fastretailing.com/eng/ir
Company Research Source: Reuters
interest rates, China's slowdown and modest approval ratings for the country's new prime minister. The Nikkei share average fell 1.05% to close at 27,528.87, its lowest since Aug. 23. The index, which gained as much as 1.4% earlier in the session, closed in the red for a eighth straight sessions. The broader Topix slipped 0.3% to 1,941.91. “Japanese shares rebounded earlier in the session but the gains were not as strong as investors had expected, which drove them to start selling shares,” said Seiichi Suzuki, chief equity market analyst at Tokai Tokyo Research Institute. Heavyweights led declines, with Uniqlo clothing shop operator Fast Retailing losing 3.1%, chip making equipment maker Tokyo Electron down 2.08% and technology investor SoftBank Group falling 2.07%. Local media poll showed Prime Minister Fumio Kishida is struggling to find his footing with voters just two days after he launched his new government. One daily showed his approval rating was at 45%, much lower t Show less Read more
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