Market Report - Asia Claws Back

On Friday, Asian shares clawed back some losses from earlier in the week, with banks and commodities-linked firms gaining.

The Nikkei edged up, with Sony higher as its CEO said restructuring efforts to produce $3 billion in costs cuts are advancing well.

Profit-taking, though, continued to weigh on firms that have surged in recent months—such as GS Yuasa, which has tripled in value on making batteries for Mitsubishi electric cars.

And in Korea, Hyundai Motor jumped on weakness in the won (currency) and news that it saw the lion's share of new UK orders under a vehicle-scrapping scheme.

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