Business

Japanese shares follow Wall Street higher

Japanese stock board Image copyright AFP

Shares in Japan moved higher after days of losses, following a positive cue from Wall Street.

Tokyo's Nikkei 225 index rose 1.1% to close at 16,254.89 points.

US markets closed slightly higher on Wednesday, after several strong earnings reports and positive jobs data were released.

In Australia, the country's benchmark ASX/200 moved 0.2% higher to close at 5,475.80 points. Shares in commodities giant Rio Tinto were down 1.5%.

The falls came a day after the miner said its half year profits had slumped by 47% to the lowest level in 12 years on Wednesday.

Global mining companies have suffered a prolonged slump as demand from China has weakened.

In China, the Shanghai Composite closed flat at 2,982.43, while Hong Kong's Hang Seng ended the trading day 0.4% higher to close at 21,832.23.

South Korea's Kospi index was up 0.3% at 2,000.09.

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