By  on January 6, 2017

Fast Retailing shares are tanking in Tokyo one day after the company reported disappointing December comps at its Uniqlo chain in Japan. Uniqlo’s sales in December fell 5 percent.

Shares in Asia’s largest apparel retailer are down 6.7 percent in afternoon trade, hovering around 39,720 yen. The Nikkei 225 index is down just 0.4 percent while Shanghai’s SSE is down 0.35 percent. Hong Kong’s Hang Seng is nearly flat.

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