Japan’s Nikkei share average closed higher on Friday. Fast Retailing’s strong earnings fueled the rise. Automakers also saw gains due to a weaker yen and relief over China’s export policy. The Nikkei climbed significantly for the week. Investors are now focused on US jobs data and its impact on monetary policy. Yaskawa Electric’s results are also anticipated.
Auto companies fall on fear of more EU imports
Indian auto stocks experienced a decline following reports of potential tariff reductions on EU-imported vehicles as part of a free trade agreement. While some manufacturers