Japan’s Nikkei index extends losses for the third session in a row

Japan’s Nikkei index fell today for the third session in a row, affected by a decline in the shares of Fast Retailing, owner of the Uniqlo brand, following disappointing results.

Fast Retailing, owner of the Uniqlo brand, contributed the most to the decline in the Nikkei, as the shares of the company with the largest market value on the index fell 6.53%.

Norihiro Yamaguchi, chief Japan economist at Oxford Economics, said that despite the recent decline, according to “Reuters”.

He added that the momentum of the earnings season in the Japanese market will increase later this month, and overall results are likely to remain strong.