Japanese brands Muji, Uniqlo both are suffering from issues in Korea and Hong Kong. FMTNews Muji
TOKYO: Shares of Ryohin Keikaku Co tumbled 19%, the most on record, after the Muji operator cut its profit forecast, citing uncertainty in its East Asian operations.
Meanwhile, shares of peer Fast Retailing Co rebounded 2.2%, recouping most of its post-results loss on Friday. “But for Ryohin Keikaku, investors think it’s a structural problem, because it’s affecting across all regions.”
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