Equities across Asian settled higher in the green supported by the corporate earrings and following Wall Street’s gains, where the Federal Reserve left its interest rate unchanged but is expected to unwind its balance sheet relatively soon.
Japanese equities recovered from their earlier losses to settle higher and ahead of today’s Nissan and Sumitomo Mitsui Trust earnings, with Nikkei 225 index rising 0.15 percent or 29.48 points closing at 20,079.64.
The auto makers were mostly mixed with Toyota rising by 0.5 percent and Honda edging down by less than 0.1 percent.
Furthermore, Japanese exporters were mostly gainers despite the stronger Yen with Sony rose by 1 percent, Panasonic and Canon added 0.5 percent each while Toshiba lost nearly 6 percent.
Nintendo surged by 6 percent over its beating expectations’ earnings on Wednesday.
In the banking sector, Mitsubishi UFJ Financial fell by 0.6 percent and Sumitomo Mitsui Financial lost near 1 percent each, while in the oil space Inpex edged up by less than 0.1 percent and Japan Petroleum rose by 0.4 percent.
Australian stock market ended higher despite that the Australian Dollar reached its two years high supported by the gains from its key sectors, where its index ASX200 added 0.14 percent or 8.37 points to finish at 5,785.
In the mining sector, BHP Billion gained more than 1 percent and Rio Tinto added 0.4 percent after iron ore prices rose above $70 a ton.
Fortescue Metals rose by more than 1 percent after reporting a 3 percent increase in iron ore shipments for the fourth quarter.
Moreover, Australia’s big banks were in the green, with Commonwealth Bank, National Australia Bank, ANZ Banking and Westpac are higher in a range of 0.1 percent to 0.3 percent.
Meanwhile, the rising oil prices led Oil Search to lose 0.6 percent and Woodside Petroleum and Santos falling almost 1 percent.
In China the market rose erasing its losses from earlier, Shanghai Composite edged up 0.05 percent to close at 3,249.29 and the Shenzhen Composite surged by 1.239 percent, or 22.83 points to end at 1,865.95.
China's statistics bureau reported that profits made by industrial companies in the country increased 19.1 percent.
Oversea-Chinese Banking Corporation reported profits of 796 million US Dollars for the second-quarter of the year, a rise of 22 percent compared to a year ago sending its shares to rise by 1.69 percent.
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