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Japan leads Asia markets on Monday

Sharp

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Japan’s Nikkei 225 opened up 0.8% on Monday helped in part by a lower yen against the dollar.

Shares in troubled Japanese electronics giant Sharp were up 5.5% in early trade on hopes of a bailout deal.

The Nikkei business daily newspaper reported that a deal for the electronics firm may finally be signed this week.

Sharp has been in talks with Taiwan’s Foxconn, formally known as Hon Hai Precision Industry Co.

However, the deal will be smaller than originally planned, reports said.

The Nikkei was up 0.83% to 17,143.16 points by mid-morning.

In China, the Shanghai Composite was up 0.41% to 2,991.83.

Meanwhile, South Korea’s benchmark Kospi index was up 0.4% to 1,991.56.

Markets in Hong Kong and Australia are closed for the Easter holiday.

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