Global Market: Japan's Fast Retailing shares tumble as weak yen warning overshadows profit forecast hike

Shares of Japan's Fast Retailing fell as much as 5.1 percent in Tokyo trading despite the company raising its full-year operating profit guidance to a record 730 billion yen (about 4.50 billion dollars). The decline was attributed to profit-booking after a 42 percent year-to-date rally. The company's CFO warned that the yen, near a four-decade low, will weigh on Japan sales and profits in the fourth quarter.