Uniqlo's Parent Company Sees Shares Drop Over Xinjiang Remarks
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Fast Retailing, the parent company of Uniqlo, has seen a decline in its share price following remarks by its chairman about not sourcing cotton from Xinjiang. This comes amid US trade restrictions on the region due to human rights concerns.
December 02, 2024 | 4:45 am
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Fast Retailing's shares have dropped due to concerns over its China business after the chairman stated the company doesn't source cotton from Xinjiang, a region under US trade restrictions.
The decline in Fast Retailing's share price is directly linked to the chairman's comments about Xinjiang cotton sourcing. This has raised concerns about the company's business in China, a significant market, especially given the US trade restrictions on Xinjiang.
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