January 7, 2014 / 6:25 AM / in 4 years

Nikkei falls for 2nd day hit by weak U.S. data; Fast Retailing weighs

TOKYO, Jan 7 (Reuters) - Japan's Nikkei share average fell
for a second day on Tuesday after data showing a slowdown in
growth in the U.S. services sector made investors wary of taking
on risk, while Fast Retailing Co sagged on
weaker-than-expected monthly sales.
    The Nikkei ended down 0.6 percent at 15,814.37 in
choppy trade. During the morning session, it briefly flirted
with positive territory.
    Index-heavyweight Fast Retailing shed 1.0 percent and had
the biggest downside impact on the Nikkei index, taking about 16
points from the index after its same-store sales at its Uniqlo
clothing chain in December disappointed the market.
    The Topix dropped 0.7 percent to 1,283.25.
    The JPX-Nikkei Index 400, which started trading
on Monday, shed 0.7 percent to 11,590.20.
    On Monday, data from the Institute for Supply Management
showed the pace of growth in the U.S. services sector slowed for
a second straight month in December with business activity
expanding at a lower rate and new orders contracting.
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