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Tokyo stocks fall by break as Uniqlo operator nosedives

AFP

Tokyo stocks fell Friday morning as market heavyweight Fast Retailing, operator of the Uniqlo clothing chain, plunged more than 11 percent after forecasting a big profit decline for the current fiscal year.

The benchmark Nikkei 225 index at the Tokyo Stock Exchange was down 0.56 percent, or 88.21 points, to 15,661.63 by the break, while the broader Topix index of all first-section shares dropped 0.23 percent, or 2.89 points, to 1,269.75.

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