2/12/2024, 2:05:04 pm

Stock of Uniqlo’s Parent Down Most in 9 Weeks After Xinjiang Remarks

Shares of Fast Retailing declined as much as 4.5%, the most since Sept. 30, after a spokesperson said the company is concerned about Chinese demand. Tadashi Yanai said Fast Retailing’s flagship clothing chain Uniqlo does not source cotton from China’s Xinjiang region, where the US has restricted trade over human rights concerns, in a BBC interview last week.

Source: FlipItMoney
Stock of Uniqlo’s Parent Down Most in 9 Weeks After Xinjiang Remarks

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