Thursday, 16 March 2017

Asia markets mixed; Toshiba falls 6% as it delays earnings filing

Asia traded sideways on Tuesday, following Wall Street's mixed close as the Federal Reserve's kicks off its two-day meeting. In Japan, the Nikkei 225 dipped 0.15 percent. Toshiba plunged 6.1 percent by 9:40 am HK/SIN after the company announced it would postpone earnings filings again due to the need for more time with auditors to review its US nuclear subsidiary probe. 

The Japanese conglomerate will hold a news conference later at 3pm HK/SIN. The Australian benchmark ASX 200 wavered for most of the morning, up 0.08 percent, supported by strengths in its energy sub-index, which was up 1.21 percent, and its materials sub-index, which was up 0.99 percent.

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