Markets is Asia started the day higher after a strong finish in the stateside; Toshiba rose 1.95%

Asian equities

Stocks in Asia were mostly on the positive territory on Thursday’s opening bell following the gains from Wall Street due to upbeat U.S. data.

According to the revised U.S. gross domestic product (GDP) data for the second quarter, the economy of the United States rose as high as 3 percent, this firmly beats the previously estimated 2.6 percent of analysts. The U.S. private sector added more than 237,000 jobs for the month of August. This also surpassed calculations from Reuters with only 185,000.

In reaction to the released positive figures, the U.S. dollar index that measures the value of the greenback against its peers jumped overnight at 92.946 and stocks in the stateside all finished on a positive note after the upbeat data.

Looking on Asian indices, the Japanese benchmark Nikkei 225 index edged up about 0.57 percent, with technology and auto stocks as the leading advancers, even if the dollar rose against the Japanese yen. In the Down Under, the ASX 200 index surged about 0.33 percent with the reporting season approaching. The heavily-weighted financial and information technology sub-indexes gave the index a lift.

However across the Korean Strait, the Kospi index fell as low as 0.12 percent on the day. Markets in Malaysia are shut on the day due to public holiday.

In other news, Japanese conglomerate Toshiba is the center of attention again because of its plan to sell its memory chip. This is after a Reuters report suggested that Bain Capital made an $18 billion last-minute bid. It added more than 1.95 percent in shares.


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