Market Report - Asian Shares Crawl Higher

ZHANG:
Most Asian shares shook off Wall Street losses and worsening company fortunes Friday, as investors looked for bargains amid market gloom.

In Japan, Toshiba rose--despite saying it would halt chip production at two plants for nine days due to weak demand.

Sony shares edged up, too, after it announced plans to close a videocassette plant in France due to a rise in disk- and chip-based technologies.

And South Korean shares gained after the government pledged assistance to troubled car- and chip-makers hit by sharp declines in export demand.

Energy firms went down, though, hit by oil's overnight slump. Oil has fallen to its lowest level in nearly four years—its now less than $44 a barrel after peaking at 147 a barrel back in July.

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