Nikkei edges lower; Fast Retailing's gains limit losses

From Reuters - January 11, 2018

TOKYO, Jan 12 (Reuters) - Japans Nikkei share average edged lower on Friday as weakness in exporters weighed on the index, but strong gains in index-heavy Fast Retailing on record quarterly profit limited the losses.

The Nikkei ended 0.2 percent lower at 23,653.82, slightly below its 5-day moving average of 23,743.39. For the week, it dropped 0.3 percent.

Fast Retailing Co jumped 6 percent and contributed a hefty 104 positive points to the Nikkei after it posted a 28.6 percent surge in its operating profit to 113.9 billion yen ($1 billion) for the first quarter.


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