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Fast Retailing Advances After Nomura Raises Rating

Fast Retailing Co., Asia’s largest clothing chain, rose the most in more than two months in Tokyo trading after Nomura Securities Co. raised the stock rating to “buy,” citing cost reductions and new product sales.

Fast Retailing climbed 6.4 percent, the most since Nov. 4, to 12,900 yen, at the 3 p.m. close on the Tokyo Stock Exchange. The stock was the best performer on Japan’s Nikkei 225 Stock Average, which fell 0.9 percent.