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Fast Retailing Shares Surge

The retailer's shares jumped 8 percent in Tokyo as the market digested strong February comps from the company's Uniqlo chain.

TOKYO — Fast Retailing Co. Ltd.’s shares surged 8 percent Wednesday as the market digested strong February comps from the company’s Uniqlo chain.

Fast Retailing shares ended the day 8.11 percent higher at 28,940 yen, or $310.27 per share at current exchange.

 

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Tokyo’s overall market performed strongly on Wednesday on optimism regarding economic recovery. The Nikkei 225 index rose 2.13 percent.

Other market gainers included Isetan Mitsukoshi Holdings, which rose 3.5 percent, and Takashimaya Co. Ltd, which added 2.75 percent.

Fast Retailing said Monday that comps at its Uniqlo stores in Japan increased 9.6 percent in February.