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Japan Hot Stocks-Konami, Fast Retailing, Aiful, Isuzu, Softbank
2003-07-04 01:37:58 EST
TOKYO, July 4 (Reuters) - The following stocks are on the move on Friday: **KONAMI DROPS ON GOLDMAN RATING CUT**
Konami Corp down 6.26 percent at 2,470 yen, after earlier falling as low as 2,440 yen.
The videogame maker was hit after Goldman Sachs cut its rating on Konami to "in-line" from "outperform", citing the stock's approximate 48 percent rise over the past three months. 0535 GMT **FAST RETAILING AT YEAR HIGH, SALES SLUMP SLOWS**
Casual-wear chain Fast Retailing Co Ltd clambers to year high, up 5.76 percent at 4,410 yen, the third session in a row of strong gains and a return to levels not seen since November.
The firm said on Wednesday that June sales at shops open for more than a year fell 6.3 percent from a year earlier, stretching the slump into its 21st straight month. But the year-on-year fall was the smallest since the slide began in October 2001.
Credit Suisse First Boston upgraded the stock to outperform from neutral on Thursday and raised its target price to 4,800 from 3,800.