Asian Equities Open Higher after U.S. Lead

Asian stocks opened higher on Friday, tracking a positive lead from Wall Street overnight.  However, trading will likely be light, with markets in Indonesia, Malaysia, Singapore and the Philippines closed for public holidays.

Overnight, U.S. stocks finished near highs, with the Nasdaq Composite at a record on the back of better-than-expected earnings releases and progress towards near-term resolution in the Greece’s debt crisis. The blue-chip Dow and the S&P 500 gained 0.4 and 0.8 percent, respectively.

Japan’s Nikkei 225 bounced up to its highest level since June 26 as the yen hovered near its weakest level against the greenback in more than three weeks.