As AI-related activity spread today, retail stocks attracted buying, with retail stocks including Fast Retailing reaching high levels. As a result, retail ranked first in the performance ranking for sector stock price indices. Approximately 60 characters
In today's trading, although selling spread across a wide range of stocks, particularly those related to AI, buying has been concentrated in retail stocks, which are considered defensive. Price gains among retail stocks, including Fast Retailing, have been particularly notable.
Fast Retailing's share price rose 4.02%, or ¥3,010 from the previous day, reaching ¥77,710. This showed the strength of the market for the company as a retail stock.
There is a view that this move has resulted in retail stocks taking the top spot in the ranking by percentage change in sector stock price indices.