Asian Equities Open Lower after U.S. Lead

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.

CNBC

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