Slumping Japanese Retailers Push Nikkei 225 Toward the RedBy and
The Nikkei 225 Stock Average, Japan’s blue-chip barometer, is on the cusp of erasing its 2017 gains.
Angst over terrorist attacks and simmering tension between the U.S. and neighboring North Korea have been a boon to the yen, which typically translates into Japanese stock losses. Add to that declines in Fast Retailing Co. -- the Uniqlo clothing-brand owner that has the biggest weighting on the Nikkei 225 -- and convenience-store operator FamilyMart UNY Holdings Co., which is being hit by lackluster consumer confidence and wage growth.
The index is about 1.5 percentage points from erasing its year-to-date gains.