Stock of Uniqlo's Parent Down Most in 9 Weeks After Xinjiang Remarks [Yahoo! Finance]
FAST RETAILING UNSP/ADR (FRCOY)
NASDAQ:AMEX Investor Relations:
fastretailing.com/eng/ir
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Source: Yahoo! Finance
Chinese demand following comments from its chairman that the retailer is not using cotton from Xinjiang. Most Read from Bloomberg Riyadh Metro Partially Opens in Bid to Ease City's Traffic Jams In Traffic-Weary Toronto, a Battle Breaks Out Over Bike Lanes Tadashi Yanai said Fast Retailing's flagship clothing chain Uniqlo does not source cotton from China's Xinjiang region, where the US has restricted trade over human rights concerns, in a BBC interview last week. A representative for Fast Retailing told Bloomberg on Nov. 30 that the company was “watching the situation carefully” to see whether Yanai's remarks would lead to a fall in demand for, or boycott of, its products in China. Fast Retailing was the biggest drag on Japan's benchmark Topix Index in early trading Monday, which was up 0.2% as of 9:38 a.m. Tokyo time. Most Read from Bloomberg Businessweek Musk's Team of Budget-Slashing MAGA Billionaires Takes Shape What Happens When US Hospitals Go Big on Nurse Prac
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