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| Nissan shares up on Mitsubishi deal | Nissan shares up on Mitsubishi deal |
| (about 1 hour later) | |
| Shares in Japanese carmaker Nissan rose by 4.1% on Friday after the company clinched a deal to take a major stake in embattled rival Mitsubishi. | Shares in Japanese carmaker Nissan rose by 4.1% on Friday after the company clinched a deal to take a major stake in embattled rival Mitsubishi. |
| The company will buy a 34% stake in Mitsubishi Motors, in the wake of the latter's recent scandal over fuel efficiency. | The company will buy a 34% stake in Mitsubishi Motors, in the wake of the latter's recent scandal over fuel efficiency. |
| Mitsubishi Motors shares were down, though, losing more than 1.7%, after Thursday's gain of 16%. | Mitsubishi Motors shares were down, though, losing more than 1.7%, after Thursday's gain of 16%. |
| Japan's Nikkei 225 fell 1.4% to close at 16,412.21 points. | Japan's Nikkei 225 fell 1.4% to close at 16,412.21 points. |
| At the same time, shares in embattled electronics giant Sharp rose by 2.3%, despite the company reporting huge losses on Thursday. | At the same time, shares in embattled electronics giant Sharp rose by 2.3%, despite the company reporting huge losses on Thursday. |
| The struggling firm announced an operating loss of 162bn yen ($1.5bn) for the fiscal year ending March 2016. | The struggling firm announced an operating loss of 162bn yen ($1.5bn) for the fiscal year ending March 2016. |
| In March, Sharp accepted a takeover bid by Taiwan's Foxconn which will take effect in October. | In March, Sharp accepted a takeover bid by Taiwan's Foxconn which will take effect in October. |
| In China, the mainland Shanghai Composite closed down 0.3% to 2,827.11. Meanwhile the Hang Seng index in Hong Kong fell 1% to close at 19,719.29 points. | |
| In South Korea, the benchmark Kospi index fell 0.5%, ending the day at 1,966.99. | In South Korea, the benchmark Kospi index fell 0.5%, ending the day at 1,966.99. |
| The ASX/200 in Australia also finished down 0.6% at 5,329.00 points. |