Asia-Pacific markets traded mostly higher Thursday, tracking gains on Wall Street as investors shrug off a week of trade turmoil and a slew of disappointing U.S. tech earnings.
In Japan, the Nikkei 225 barreled ahead 235.05 points, or 0.6%, to 39,066.53.
Japanese automaker Nissan’s CEO Makoto Uchida told Honda chief Toshihiro Mibe to terminate their merger talks, Japan’s Asahi Shimbun newspaper reported.
Both companies are expected to hold board meetings to discuss the termination, the report said.
Honda had reportedly opposed Nissan’s delay in coming up with a restructuring plan, while Honda had proposed making Nissan a subsidiary — an idea that the latter was opposed to.
Shares of Nissan rose 2.1% while Honda lost 4.1%.
In Hong Kong, the Hang Seng index regained 294.53 points, or 1.4%, to 20,891.62.
In other markets
Chinese markets rebuilt, with the CSI 300 in Shanghai taking on 47.75 points, or 1.3%, to 3,842.83
Markets in New Zealand were shuttered for holiday.
In Taiwan, the Taiex index shot ahead 155.02 points, or 0.7%, to 23,316.50.
In Singapore, the Straits Times index recovered 15.05 points, or 0.4%, to 3,830.42
In Korea, the Kospi index collected 27.48 points, or 1.1%, to 2,536.75.
In Australia, the ASX 200 vaulted 103.84 points, or 1.2%, to 8,520.71
