Tokyo, Japan (BBN)-Japanese shares rose on Tuesday amid gains on other Asian markets, with only Shanghai bucking the trend.
The Nikkei 225 was up by 0.5 per cent at 20,749 points as trading in Tokyo resumed after a long weekend, reports BBC.
Attention focused on Toshiba after it said on Monday that a probe had found profits were massively overstated for years.
Nevertheless, investors appeared to have a positive outlook on the company as shares rose by 2.7 per cent.
In a statement to investors, Toshiba said its operating profits had been inflated by 151.8bn yen ($1.22bn, £780m).
The improper accounting practices dated back to 2008 and the probe could lead to a restatement of profits, an overhaul of the board, or potential action by regulators.
Toshiba said a full report into the accounting scandal will be released later on Tuesday.
INFLATION OPTIMISM
Japanese investors were also able to take some positive impulse from the minutes of the Bank of Japan’s last meeting.
The notes show most central bank’s board members were optimistic about the inflation trend continuing, confirming the central bank’s stimulus efforts.
Meanwhile, South Korea’s benchmark Kospi index was trading 0.5 per cent higher at 2,082.96.
In Australia, the continued slump in commodity prices weighed on investor confidence and the ASX 200 index was flat at 5,694.70 points.
After falling to a five-year low on Monday, gold prices firmed up slightly though, with the precious metal edging up 0.2 per cent to $1,099.05 an ounce.
In China, investors were less upbeat with the Shanghai Composite opening down 1 per cent at 3,953 points, while Hong Kong’s Hang Seng was flat at 25,413 points.
BBN/SK/AD