TOKYO, Oct 16 (Reuters) - Japan's Nikkei share average was nearly flat on Friday as new coronavirus curbs in Europe dimmed hopes of a global economic recovery, although gains in Fast Retailing after it forecast upbeat annual earnings helped to cap losses.
Both the indexes were set to post weekly losses.
The sentiment was weighed down by the introduction of new coronavirus restrictions in Europe, with London entering a tighter lockdown and France imposing night curfews in major cities to curb a jump in COVID-19 cases. investors also remained on the sidelines due to uncertainty over the U.S. stimulus talks, and ahead of the U.S. presidential election and earnings reports from domestic firms. Nikkei, however, was supported by index heavyweight Fast Retailing 9983.T , which jumped more than 4.4% after the retailer forecast a stronger-than-expected surge in operating profit this business year. stocks that gained the most among the top 30 core Topix names were Astellas Pharma Inc 4503.T up 1.28%, followed by Hitachi Ltd 6501.T .
The Mothers Index .MTHR of start-up firms lost 0.64%, on course to snap four consecutive weekly gains.
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