The share average of Nikkei jumped on Friday, as yen weakens, but a harsh decline in Fast Retailing shares limited gains on benchmark.
Japan’s Nikkei rose 0.5% to 15,821.52, crawling back from its intraday low of 15,471.80. For the week, it fell 2.1%.
Fast Retailing Co shares plunged 13% after it cut its net profit forecast by half, citing significant declines in first-half operating income from its Uniqlo brand outlets in Japan and abroad. It contributed a heavy negative 153 points to the Nikkei.
The material has been provided by InstaForex Company – www.instaforex.com