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Fast Retailing Co., Ltd. (FRCOY)

Other OTC - Other OTC Delayed Price. Currency in USD
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58.56-0.12 (-0.20%)
At close: 03:59PM EST
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  • Reuters

    UPDATE 1-Japan shares reverse early gains on rising U.S. bond yields

    Japanese shares reversed course to trade lower on Tuesday, as a jump in U.S. bond yields made investors cautious, prompting a sell-off in market heavyweights. The Bank of Japan upgraded its inflation forecasts and flagged heightening chances the recent commodity-driven price hikes will broaden, the latest sign of its conviction Japan is emerging sustainably out of deflation. Uniqlo clothing store owner Fast Retailing cut its gains, while chip-making equipment maker Tokyo Electron reversed its course to lose 0.21%.

  • Reuters

    Nikkei nears 4-week low on tepid Wall Street, Omicron impact

    Japan's Nikkei index touched a near four-week low on Friday, tracking weak overnight performance on Wall Street, with technology heavyweights leading the losses, while concerns over the impact of the Omicron variant also curbed risk appetite. All major indexes on Wall Street closed lower, with the tech-heavy Nasdaq leading losses after a three-day rally, amid talks signalling that the U.S. Federal Reserve would raise rates as early as in March. Tokyo recorded a new four-month high in COVID-19 infections on Thursday, and experts forecast the spread of the Omicron will cause the daily count to triple by month's end.

  • Reuters

    UPDATE 3-Uniqlo owner to hike prices in sign of shift for Japan

    Clothing retailer Uniqlo will have to raise prices of some products due to higher costs for raw materials and shipping, its owner said on Thursday, becoming a high-profile example of Japanese firms throwing off a decades-old deflationary trend. The comments from Fast Retailing, which reported a near 6% rise in quarterly operating profit thanks to a strong showing in overseas markets outside of China, come as more Japanese firms https://www.reuters.com/world/asia-pacific/costs-soar-some-japanese-companies-do-unthinkable-raise-prices-2022-01-11 say they can no longer offset soaring costs with belt-tightening. Years of stagnant prices and wages have made Japan Inc nervous about charging more for fear of alienating shoppers and losing market share.