Asian markets open cautiously higher following mixed close stateside

Asian indexes were cautiously higher in early Thursday trade, following a mixed close stateside as investors noted Snap's USD 2.2 billion loss, and monitored potential fallout on President Donald Trump's policies after FBI Director James Comey was fired.

The Nikkei 225 edged up 0.2 percent while South Korea's benchmark Kospi index added 0.55 percent on Thursday. The ASX 200 was slightly higher, gaining 0.04 percent in early trade.

Over in Asia, shares of Toyota and SoftBank are expected to move. Japanese automaker Toyota forecast yesterday that profits for this year would fall by 20 percent due to increased marketing costs. Toyota shares were down 0.46 percent in early trade.

Oil prices bounced more than 3 percent in the previous session after US inventories recorded their largest one-week drop this year. US West Texas International crude was up by 0.19 percent to trade at USD 47.41 a barrel while Brent crude gained 0.18 percent to trade at USD 50.31.

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