Asia Market Report

Asia: 10-month high for Nikkei

PC giant Lenovo’s first quarter loss was less than expected.
The Japanese market resumed its upward path Thursday, hitting a 10-month high thanks to stronger carmakers as investors went bargain hunting following recent losses.

Honda and Toyota Motor were among the risers as investors were await a vote on extending the US car scrappage scheme in the US tonight.

But camera giant Nikon fell sharply after it warned that operating losses would be more than double previous estimates.

The Nikkei rose 135 points to 10,388, its best close since early October.

There were also bumper gains in Hong Kong where the Hang Seng index leapt 333 to 20,828.

PC giant Lenovo’s first quarter loss was less than expected.