Asian shares follow Wall Street higher

Nikkei stock board Image copyright AFP

Most Asian markets took their lead from US shares overnight to end the session with some gains.

As well as a strong lead from Wall Street, traders were also buoyed by hopes a weaker yen would help business.

Takata shares recovered slightly ahead of their earnings report after a warning earlier in the week over its airbag recalls saw them tumble.

The Japanese company's shares wrapped the day up 2.5%, after losing 11% this week and more than 80% over the year.

Takata inflators have been linked to 11 deaths and more than 100 injuries.

After the regular market session had ended, Takata announced a net loss of 13.1bn yen ($120.5m, £83m) for its financial year ending in March.

Japan's benchmark Nikkei 225 index finished the day flat at 16,579.01 points.

China's mainland benchmark Shanghai Composite ended the day flat at 2,837.04 points while Hong Kong's Hang Seng index closed 0.9% lower at 20,055.29.

In Australia, the S&P ASX/200 closed 0.5% up at 5,372.30 points with energy stocks benefitting from a slight rebound in oil prices.

South Korea's benchmark Kospi index finished flat at 1,980.34 points.

Related Topics

More on this story