Asian shares ended mostly higher with Fast Retailing taking a tumble on disappointing first-half earnings and a slash of its full-year earnings forecasts.
Tokyo’s Nikkei 225 rose 0.5 percent to end at 15,822 while Hong Kong’s Hang Seng rose 0.5 percent to end at 20,370. Shanghai’s SSE bucked the trend to drop 0.8 percent to wrap the session at 2,985.
Fast Retailing plunged 12.7 percent to end at 26,610 yen, one day after the corporate parent of Uniqlo cut its full-year forecasts for a second time and lamented the appreciation of the yen. Chow Tai Fook shed 1.4 percent to end at 4.88 Hong Kong dollars while Esprit dropped 1.3 percent to 6.78 Hong Kong dollars.
Onward Holdings rose 0.7 percent to end at 729 yen. On Friday, it posted a slight rise in full-year net profit on an investment gain as sales slid for the period. Shiseido gained 3 percent to end at 2,467 yen.