Asia markets look mixed, after US gains – CNBC

7 months ago Comments Off on Asia markets look mixed, after US gains – CNBC

In corporate news, shares of smartphone giant Samsung Electronics barely reacted to the announcement that the company’s first-quarter operating profit likely rose 10.4 percent on-year, beating expectations. In a regulatory filing, Samsung said its January-March operating profit was likely 6.6 trillion won ($5.72 billion),reported Reuters.

Shares of troubled Japanese airbag manufacturer Takata were off 2.27 percent, following reports on Wednesday that said a 17-year-old driver of a recalled 2002 Honda Civic was killed last month in Fort Bend County, Texas.

Oil prices also rose overnight, after data from the Energy Information Administration (EIA) showed crude stockpiles dropped by 4.9 million barrels last week, Reuters reported. Analysts polled by the news wire had expected an inventory build up by 3.2 million barrels.

U.S. crude futures settled up 5.2 percent at $37.75 a barrel, while global benchmark Brent added $1.97 to $39.84.

Major U.S. indexes advanced overnight, with the Dow Jones industrial average closing up 0.64 percent, the S&P 500 adding 1.05 percent and the Nasdaq composite higher by 1.59 percent.

— Follow CNBC International on Twitter and Facebook.

Asia markets look mixed, after US gains – CNBC}