May 19, 2017 / 6:28 AM / in a year

Nikkei edges up on financial shares, but has 1st weekly drop in 5 weeks

TOKYO, May 19 (Reuters) - Japan’s Nikkei share average edged up on Friday as bargain hunters snapped up financial stocks heavily sold the previous day, but gains were limited as political uncertainty in the United States kept investors cautious.

The Nikkei ended 0.2 percent higher at 19,590.76, crawling back from negative territory in early trade.

The index suffered a weekly fall for the first time in five weeks, dropping 1.5 percent.

Takata Corp jumped 20 percent on Friday after four automakers including Toyota Motor Corp agreed to a $553 million settlement to address claims covering owners of nearly 16 million recalled vehicles with potentially defective Takata airbag inflators.

The broader Topix gained 0.3 percent to 1,559.73 and the JPX-Nikkei Index 400 rose 0.4 percent to 13,929.80. (Reporting by Ayai Tomisawa; Editing by Richard Borsuk)

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