Asia opens higher; ASX up 0.6%, Nikkei flat, Kospi gains 1%

Asian markets opened modestly higher on Thursday, likely taking cues from a stronger finish in the US, helped by rising oil prices and the release of dovish Federal Reserve minutes. Australia's ASX 200 was up 0.58 %, boosted by gains in the energy, materials and the heavily-weighted financials sub-indexes. In Japan, the Nikkei 225 was near flat at 15,374.37, while across the Korean Strait, the Kospi was up by 1 %.

Major US indexes finished higher. The Dow Jones industrial average closed up 78 points, or 0.44 %, at 17,918.62, the S&P 500 closed up 11.18 points, or 0.54 %, at 2,099.73, and the Nasdaq composite was up 36.26 points, or 0.75 %, at 4,859.16.

In the currency market, the dollar traded at 96.097 against a basket of currencies, coming off levels near 96.290 it traded at on Wednesday afternoon Asia time. The Japanese yen, a safe-haven currency, traded at 101.21 against the greenback, after touching the 100 handle in the previous session and levels near 103 on Friday. Analysts said the fresh strength in the yen seen on Wednesday was due to a flight to safety amid jitters across financial markets.

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