Nikkei up on cautious Fed minutes; Fast Retailing dives on earnings concerns

jueves 8 de octubre de 2015 22:19 GYT
 

* Nikkei's gains capped on Fast Retailing's heavy drop

* For the week, Nikkei has risen 2.9 pct

* Commodity stocks lead gains

* Steel shares higher after BoFA Merrill hike ratings

By Ayai Tomisawa

TOKYO, Oct 9 (Reuters) - Japan's Nikkei share average rose on Friday as Wall Street gained after the Federal Reserve's September meeting minutes suggested U.S. interest rates will remain near zero for the time being.

But the gains were capped after index heavyweight Fast Retailing Co dived 9.4 percent on earnings concerns, contributing a hefty 180 negative points to the Nikkei.

The company said it would open fewer U.S. stores for its core Uniqlo brand this year after a rapid expansion failed to entice customers, leading to a lower-than-forecast annual profit.

The Nikkei gained 0.4 percent to 18,214.41 in midmorning trade. For the week, the Nikkei has risen 2.9 percent.   Continuación...