REFILE-Nikkei edges up in choppy trade, helped by Fast Retailing's gains

jueves 13 de octubre de 2016 22:07 GYT

(Removes stray word from headline)

* Nikkei has fallen 0.3 pct for the week

* Fast Retailing contributes to Nikkei gains

By Ayai Tomisawa

TOKYO, Oct 14 (Reuters) - Japan's Nikkei share average edged up in choppy trade on Friday morning as index-heavyweight Fast Retailing Co's strong gains offset negative sentiment from Wall Street's weakness overnight.

Fast Retailing, owner of the Uniqlo casual-wear brand, jumped 4.2 percent after saying on Thursday it expected operating profit to jump 38 percent to a record high 175.0 billion yen for the year ending in August 2017.

Fast Retailing's good news contributed a hefty positive 58 points to the Nikkei.

The Nikkei opened a tad lower, but turned positive in midmorning trade. At 0157 GMT, the index rose 0.2 percent to 16,809.55. For the week, it has fallen 0.3 percent.

U.S. stocks fell, hit by selling in financial stocks, while investors have been worried about U.S. companies' third-quarter earnings since Alcoa's dismal forecast disappointed the market when earnings season began earlier this week.   Continuación...