Asia stocks exchanged mostly higher Thursday, with Japanese shares advancing, following the US Federal Reserve declared new policy targets and an expansion to its asset-buying plan.
Japan’s Nikkei Stock Average added 1.7% after closing at its maximum level since April on Wednesday, while South Korea’s Kospi increased 0.8%, Taiwan’s Taiex advanced 0.6%, and Singapore’s Straits Times Index gained 0.4%.
But other key bourses saw more subdued action, with Australia’s S&P/ASX 200 index closing little changed after reaching its most excellent level in around 17 months on Wednesday. [article_detail_ad_1]
Mazda Motor Corporation (TYO:7261) surged 4.41% higher, and Honda Motor Co Ltd (TYO:7267) (NYSE:HMC) advanced 2.73% regardless of its Canadian unit declaring a recall of some vehicles.
Honda will recall 807,000 units in the US due to roll-away issues, as stated by a report from Reuters.
The report showed ignitions in the vehicles in query allow for keys to be removed ahead of the vehicle is shifted into park, permitting the vehicle to roll away.
The matter influences 318,000 Odyssey minivans and 259,000 Pilot crossovers from years 2003 and 2004 and Acura MDX crossovers from periods 2003-2006. The recall as well comprises 64,000 units outside of the US.
Aluminum Corporation of China Limited (HKG:2600) (NYSE:ACH) rose 1.7% in Hong Kong, but dropped 0.2% in Shanghai, whereas PetroChina Company Limited (HKG:0857) (NYSE:PTR) rose 0.2% in Hong Kong but dropped 0.5% in Shanghai.
Reuters published that PetroChina Co Ltd has decided to give $1.63 billion for a minority stake in an Australian liquefied natural gas (LNG) project, as it increases attempts to source more of its energy in overseas countries.