Asian equities posted a lower open on Friday, tracking an unimpressive lead from their U.S. peers overnight. Japan’s Nikkei 225 index fell to a more than one-week low in early trade.
Among the most active stocks, Sony tanked 3.2 percent. Rising oil prices stung airline stocks; Japan Airlines and ANA Holdings dropped 0.5 and 0.3 percent each.
Sharp clinched its second major bailout in three years in return for a promise to cut 5,000 jobs and split off its ailing smartphone display unit, Reuters reported. Shares of the loss-making electronics giant opened down 0.7 percent.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.