Hong Kong Stocks Movement | Multiple Japanese Consumer Stocks Plunge, UNIQLO Parent FAST RETAIL-DRS (06288) Drops Over 6% in Early Trading

Stock News11-17

FAST RETAIL-DRS (06288) fell more than 6%, dropping 6.52% to HKD 26.4 by the time of writing, with a turnover of HKD 159,000. The decline follows a broader slump in Japanese consumer stocks this morning. By the time of reporting, Shiseido plunged over 9%, while FAST RETAIL-DRS, the parent company of UNIQLO, briefly dropped more than 6%.

The Ministry of Culture and Tourism issued a notice referencing a travel advisory from the Ministry of Foreign Affairs on November 14. The advisory highlighted deteriorating public safety in Japan this year, with multiple criminal cases targeting Chinese citizens, including unresolved attacks. The safety environment for Chinese nationals in Japan has worsened.

Recently, provocative remarks by Japanese leaders regarding Taiwan have further strained Sino-Japanese relations, significantly impacting the atmosphere for bilateral exchanges and posing serious risks to the safety of Chinese citizens in Japan.

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