Asian indexes were pulled up by the declines from U.S. markets; Snap fell by 24%

Asian indexes pulled up

Markets from Asian country’s opened Thursday’s trading session higher after U.S. equities finished mostly lower on the previous day. Investors are currently eyeing on the fact that U.S. President Donald Trump might struggle to enact tax reform plan after dismissing FBI chief James Comey. Snap loss more than 24 percent in earnings.

Japanese benchmark Nikkei 225 slightly rose 0.2 percent, the Aussie S&P/ASX 200 advanced 0.04 percent, and across the Korean Strait, Kospi index was 0.55 percent higher. Indonesian markets are shut due to the public holiday.

Meanwhile in Asian shares, SoftBank and Toyota are forecasted to post earnings report. The internet and telecommunications firm SoftBank says their yearly profit was 13 percent higher, their shares edged up by 1.11 percent. The Japanese automotive manufacturer Toyota expected that their earnings for 2017 would decline more than 20 percent driven by the growing marketing price. It lost about 0.46 percent on shares.

On currency news, the Aussie dollar had some breathing space, following its drop for three straight sessions versus the U.S. dollar; it traded marginally higher at $0.7358. The New Zealand dollar however was lower versus the greenback at $0.683.

Elsewhere, American technology and social media company Snap loss more than $2.2 billion in earnings after the news when the Snapchat parent had missed growth projections and profit. Also in the U.S., equities were mostly lower as its shrugs off James Comey’s firing. The Nasdaq composite and the S&P 500 both reached record closes. The Dow Jones Industrial average lost about 32 points at 20,943.11.


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