{"id":489957,"date":"2025-07-13T09:39:06","date_gmt":"2025-07-13T04:39:06","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=489957"},"modified":"2025-07-13T09:39:06","modified_gmt":"2025-07-13T04:39:06","slug":"japans-nikkei-reverses-early-gains-as-fast-retailing-tanks","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/japans-nikkei-reverses-early-gains-as-fast-retailing-tanks\/","title":{"rendered":"Japan\u2019s Nikkei reverses early gains as Fast Retailing tanks"},"content":{"rendered":"<p> TOKYO<br \/>\nJapan\u2019s Nikkei share average reversed early gains to trade marginally lower on Friday as declines in Uniqlo-brand owner Fast Retailing erased gains in technology heavyweights. The Nikkei was down 0.1% to 39,595.96 as of 0158 GMT, after rising as much as 0.8% earlier in the session.<br \/>\nThe index is on track to lose 0.5% for the week. The broader Topix was up 0.73% at 2,832.86. Fast Retailing tanked 6.7% after the company said on Thursday higher US tariffs would start impacting its US operation significantly from later this year and it planned to raise prices to mitigate the blow.<br \/>\n\u201cInvestors were worried about Fast Retailing\u2019s outlook for the next fiscal year. Still, gains of technology stocks supported the index,\u201d said Kentaro Hayashi, senior strategist at Daiwa Securities. The market also sold stocks as soon as the Nikkei approached the psychologically important level of 40,000, strategists said.<br \/>\nChip-testing equipment maker Advantest rose 0.9% to track a 0.75% gain in the Philadelphia SE Semiconductor Index overnight.<br \/>\nAir-conditioning maker Daikin Industries climbed 2,87%. Silicon wafer maker Sumco jumped 3.95% to become the best percentage gainer on the Nikkei.<br \/>\nBank shares advanced, aiding gains in the Topix, with Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group rising 2.66% each. Toyota Motor added 1.66%.<br \/>\nSeven &#038; I Holdings rose 3.63% after the convenience store operator posted a 9.7% rise in quarterly operating profit, beating analysts\u2019 estimates.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TOKYO Japan\u2019s Nikkei share average reversed early gains to trade marginally lower on Friday as declines in Uniqlo-brand owner Fast Retailing erased gains in technology heavyweights. The Nikkei was down 0.1% to 39,595.96 as of 0158 GMT, after rising as much as 0.8% earlier in the session. The index is on track to lose 0.5% [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-489957","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Japan\u2019s Nikkei reverses early gains as Fast Retailing tanks<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/japans-nikkei-reverses-early-gains-as-fast-retailing-tanks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Japan\u2019s Nikkei reverses early gains as Fast Retailing tanks\" \/>\n<meta property=\"og:description\" content=\"TOKYO Japan\u2019s Nikkei share average reversed early gains to trade marginally lower on Friday as declines in Uniqlo-brand owner Fast Retailing erased gains in technology heavyweights. The Nikkei was down 0.1% to 39,595.96 as of 0158 GMT, after rising as much as 0.8% earlier in the session. The index is on track to lose 0.5% [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/leadpakistan.com.pk\/news\/japans-nikkei-reverses-early-gains-as-fast-retailing-tanks\/\" \/>\n<meta property=\"og:site_name\" content=\"Daily Lead Pakistan\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/DailyLeadPak\/\" \/>\n<meta property=\"article:published_time\" content=\"2025-07-13T04:39:06+00:00\" \/>\n<meta name=\"author\" content=\"Web Desk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@DailyLeadPak\" \/>\n<meta name=\"twitter:site\" content=\"@DailyLeadPak\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Web Desk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" 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The Nikkei was down 0.1% to 39,595.96 as of 0158 GMT, after rising as much as 0.8% earlier in the session. The index is on track to lose 0.5% [&hellip;]","og_url":"https:\/\/leadpakistan.com.pk\/news\/japans-nikkei-reverses-early-gains-as-fast-retailing-tanks\/","og_site_name":"Daily Lead Pakistan","article_publisher":"https:\/\/www.facebook.com\/DailyLeadPak\/","article_published_time":"2025-07-13T04:39:06+00:00","author":"Web Desk","twitter_card":"summary_large_image","twitter_creator":"@DailyLeadPak","twitter_site":"@DailyLeadPak","twitter_misc":{"Written by":"Web Desk","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/leadpakistan.com.pk\/news\/japans-nikkei-reverses-early-gains-as-fast-retailing-tanks\/#article","isPartOf":{"@id":"https:\/\/leadpakistan.com.pk\/news\/japans-nikkei-reverses-early-gains-as-fast-retailing-tanks\/"},"author":{"name":"Web Desk","@id":"https:\/\/leadpakistan.com.pk\/news\/#\/schema\/person\/6ef8309590ff620a99ce35559f54fd62"},"headline":"Japan\u2019s Nikkei reverses early gains as Fast 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