Japan and India lead the session

Wednesday, 28 July 2010

Yesterday´s was a day portrayed by the Asian markets, with India and Japan mainly shaking the index up and down.

Thus, FashionUnited Top 100 Index closed in 1070.51, rising by 7.76 points from Monday´s 1062.75 points. This has supposed a landmark for this selective, as it has just beaten the psychological barrier of 1,000 points.

Japan has been the main character of the last session. The Nippon stock exchange left the two most notorious movements yesterday, as Fast Retailig lost 20 points. Apparently neither their flagship, Uniqlo, nor the rest of the brands that compose the group – Princesse Tam.Tam a Japanese footwear operation, Japanese women’s fashion developer Cabin and Link Theory Holdings Co., LTD. - were strong enough to rescue the Japanese firm from this drop.

On the other side, and without leaving this country, United Arrows, the fashion conglomerate which includes Kath Kidston, Odette é Odile or Lotta Love, reported a climb of 22 points at the closure of the session. Also adding value to the quoted companies within the Rising Sun Empire, Asics Corporation, hiked 16 points while showing that sneakers might be an always fashionable statement. Closing the Japanese chapter, Sanei International, with a 11 points scale.

Koutons increased its value In the Indian stock market with a gain of 2.14% while itscompatriot Bombay Rayon Fashions Limited gained 0.52%.

Other companies gathered in the FashionUnited Top 100 Index showed more discreet performances, normally moving up and down but always below 0.5%. The ones outstanding , in addition to the already mentioned firms, were the UK based Burberry Group, growing  1.5 points, followed by the also British Next, which increased its position in one point.

H&M lost 1.5 points yesterday, and JD Sports Fashion and IC Companys noticed the same drop of 3.5 points.

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