Capital Stroke : Asian Markets
Asian stock markets started Thursday on a positive note, following an inspiring lead from Wall Street
overnight amid bets that the European Central Bank (ECB) will launch an aggressive stimulus package at
today’s policy meeting.
Supported by a slightly weaker yen, Japan’s key Nikkei 225 index edged up in early trade. The local
currency traded at 118.07 against the US dollar, compared to Wednesday’s close of 117.93.
Toyota Motor was in focus after forecasting lower vehicle sales for 2015 as demand slumped in Japan,
China, Indonesia and other key markets. Shares of the world’s top-selling automaker inched up 0.1
percent at the open, while other carmakers like Nissan and Honda crept up 0.5 and 0.2 percent. Suzuki
Motor underperformed with a loss of 1.2 percent.
South Korean shares were higher early Thursday, with index heavyweights leading the way. Samsung
Electronics, the heaviest weighted stock on the Kospi index, opened up 0.1 percent while steelmaker
Posco tacked on 2 percent.
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