Nikkei Slips 0.3%, Dragged by Auto Stocks
Japanese stocks are lower as initial enthusiasm over the U.S. trade deal subsidies following two days of sharp gains. Carmakers are leading declines. Subaru is down 3.3% and Mazda Motor is 3.3% lower. USD/JPY is at 147.22, compared with 146.22 as of Thursday's Tokyo stock market close. Investors are closely watching corporate earnings, with Fanuc scheduled to announce its quarterly results later in the day. The Nikkei Stock Average is down 0.3% at 41691.09.
Source: Bloomberg