Tokyo, Japan (BBN) – Asian shares fell on Thursday after a mixed start, amid uncertainty over the UK’s exit from the European Union, as the dollar strengthened and crude oil prices slipped.
Japan’s Nikkei 225 slipped 0.17 per cent, likely due to prolonged yen strength, reports CNBC.
The yen is seen as a safe-haven currency, but a stronger yen is generally negative for many Japanese companies as export earnings are reduced.
Shares of Toshiba turned positive, up 0.27 per cent, ahead of an extraordinary shareholders meeting.
The Japanese conglomerate’s US subsidiary Westinghouse Electric filed for bankruptcy on Wednesday, after it posted a multi-billion dollar write-off due to cost overruns at four nuclear reactors under construction in the US.
The ASX 200 rose 0.36 per cent, led by its materials and energy sub-indexes.
In South Korea, the Kospi index slipped from the green, to trade down 0.04 per cent.

Samsung Electronics, which released its Samsung Galaxy S8 smartphone in South Korea today, was up 1.2 per cent.
The latest model is the company’s first premium smartphone since its September recall of all Galaxy Note 7 devices due to its fire-prone batteries.
The Shanghai composite was down 0.07 per cent and Shenzhen composite fell 0.21 per cent.
Hong Kong’s Hang Seng index was up 0.04 per cent.
The dollar broke above the 100 handle, to trade at 100.06 against a basket of currencies, after trading below for eight sessions.
Against the greenback, the yen was weaker at 111.38 and the Australian dollar was at $0.7673.
US equities closed mostly higher on Wednesday, led by energy.
The Dow Jones industrial average fell 0.2 per cent to close at 20,659.32, the S&P 500 rose 2.56 points to end at 2,361.13.
The Nasdaq composite closed up 0.38 per cent at 5,897.55. Over in Europe, stocks closed higher on Wednesday as investors remained calm over Britain’s Brexit proceedings.
The pound and the euro both fell against the dollar when the official letter triggering Article 50 was handled to European Council President Donald Tusk.
At 9:35am HK/SIN, the pound traded at $1.2449, lower than highs seen at 1.2460 seen yesterday but the euro eased to $1.0754, compared to yesterday’s highs of $1.0814.
“The weakness in sterling was directly related to all the uncertainty and questions that we know have, after the UK began these proceedings.
There’s a lot more questions than answers, I do believe that we could see further sterling weakness,” Kathy Lien, managing director at BK Asset Management told CNBC.
Lien added that she expects further pressure to the pound as the EU “are not going to start negotiations with the UK from an area of weakness and will have a hard-line stance.”
Reuters reported European Central Bank (ECB) policymakers were wary of changing their policy message after tweaks this month upset investors and raised chances of a surge in borrowing costs.
“Markets were a tad taken aback that the ECB made an effort to clarify its neutral-ish (with accommodation commitment) stance and dial back over-interpreted hawkish
slant,” said Vishnu Varathan, senior economist at Mizuho Bank, in a Thursday note.
“We too think that the ECB is not yet ready to commit (hawkishly) yet; and not just because the Euro-zone has just started with the divorce proceedings,” he added.
Crude oil prices slipped on Thursday Asian time, after futures surged 2 per cent on Wednesday US time, due to Energy Information Administration data showing that US stockpiles grew less than expected last week.
Global benchmark Brent crude slipped 0.21 per cent to $52.31 a barrel and US crude was down 0.12 per cent at $49.45.
BBN/SK/AD