China’s share markets opened higher on Thursday, with the Shanghai Composite kicking up 0.7 percent.
The benchmark CSI300 Index elevated 0.6 percent, while the smaller Shenzhen Composite ticked down 0.5 percent.
Japan’s Nikkei 225 (.N225) index changed course in early trade to reclaim 18,000 points, after finishing under the level for the first time since Oct 2 in the previous session.
A tick down in dollar-yen (JPY=) probably encouraged risk appetite for exporters. Blue chips such as Toyota Motor (7203.T-JP) and Sony (6758.T-JP) pared earlier declines to rise 0.8 and 0.5 percent respectively, while Panasonic (6752.T-JP) halved losses to 1.5 percent.
Counters which came under pressure due to their heavy exposure to China, also recovered their footing. Komatsu (6301.T-JP) eked out marginal gains, while Fast Retailing (9983.T-JP), owner of clothing brand Uniqlo, bounced up 0.9 percent.
Defying the rebound, shares of Asahi Kasei (3407.T-JP) tanked nearly 10 percent on the back of news that its subsidiary performed faulty installation of a portion of foundation piles in work for a Yokohama apartment complex, Reuters reported.
