Asia opens higher; ASX up 0.6%, Nikkei flat, Kospi gains 1%
Asian markets opened modestly higher on Thursday, likely taking cues from a stronger finish in the US, helped by rising oil prices and the release of dovish Federal Reserve minutes. Australia’s ASX 200 was up 0.58 percent, boosted by gains in the energy, materials and the heavily-weighted financials sub-indexes.
In Japan, the Nikkei 225 was near flat at 15,374.37, while across the Korean Strait, the Kospi was up by 1 percent. Major indexes in the region had sold off in the previous session on global growth concerns that saw a flight to safety.
In the currency market, the dollar traded at 96.097 against a basket of currencies, coming off levels near 96.290 it traded at on Wednesday afternoon Asia time.
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