In Japan, the Nikkei 225 advanced 1.42
percent, buoyed by relative weakness in the yen against the dollar. The
dollar/yen pair traded at 108.64 as of 8:56 a.m. HK/SIN time, marginally higher
from 108.53 in the previous session.
Major Japanese exporters mostly advanced,
with shares of Toyota up 0.64 percent, Nissan higher by 1.71 percent and Honda
adding 1.48 percent. Shares of Sony declined 0.23 percent.
A weaker yen is a
positive for exporters as it increases their overseas profit when converted
into local currency.
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