Economic TimesLean R·
Global Market: Japan's Fast Retailing shares tumble as weak yen warning overshadows profit forecast hike
Fast Retailing shares declined after raising profit forecasts for the year. The Uniqlo owner cited concerns that a weak yen could impact domestic business. Strong demand in key markets supported recent financial results. Investors may be booking profits after a significant stock rally. The company anticipates the depreciating yen will affect its fourth-quarter performance.
Read at Economic Times →
