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Read More »Japan’s Fast retailing sees $5bn day on gains, Yen drops
Bloomberg After the strengthening yen forced Fast Retailing Co. to slash its full-year net income forecast by a quarter, the currency’s reversal along with signs of recovery in the company’s Uniqlo clothing business drove the shares up by their daily limit. The stock rose 18 percent to 32,660 yen at the close in Tokyo trading, the most since 1998, …
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