Japan's Nikkei share average rose on Thursday morning, rebounding from a six-day losing streak and pushing most sectors into positive territory, as a weaker yen and corporate earnings helped drive the benchmark index higher. The Nikkei gained 1.4 per cent to 23,410.33 in midmorning trade, after declining for sixth straight sessions.
Fujifilm Holdings jumped more than 13 per cent after the company said it will take over Xerox Corp in $6.1 billion deal, combining the US company into their existing joint venture to gain scale and cut costs amid declining demand for office printing.
Nintendo Co soared as much as 3.8 per cent to a one-week high after it reported its biggest third-quarter operating profit in eight years, driven by strong demand for its new Switch games console. Hino Motors soared 8.3 per cent after the truckmaker raised its full-year net profit outlook.
On the other hand, Fujitsu Ltd dived more than 12 per cent after its operating profit dropped 29.3 per cent for the April-December period, hit by factors such as non-performing businesses. The broader Topix gained 1.4 per cent to 1,861.82, with 31 of its 33 subsectors rising.