Seoul, South Korea (BBN)-Most Asian markets are off to a positive start on Thursday, tracking gains from Wall Street.
South Korea’s Kospi index opened up 5 points or 0.27 per cent, to 1,976.68. Samsung shares are trading much higher, up by nearly 2 per cent, reports BBC.
The company said it is expecting a 10 per cent jump in operating profit for the first quarter period.
Over in Australia the benchmark S&P/ASX 200 was 0.4 per cent higher in early trading at 4,967.89.
Meanwhile in Japan the benchmark Nikkei 225 is higher by 118 points or 0.75 per cent at 15,830.40.
This is a reversal from seven straight days of declines in the Japanese market.
US stocks rose overnight, as investors bought up shares of drugmakers and other health care firms.
The buying spree followed news that US drugs giant Pfizer will walk away from a $160bn deal to takeover Dublin-based Allergan.
Investors are now wondering if the American company will have to look at other drugs firms for a potential acquisition to help it grow the business.
Share of energy-related companies also got a boost as the price of oil rebounded.