BANGKOK (AP) - Asian stock markets stalled today following the release of disappointing U.S. corporate earnings, but a weakening yen helped support Japanese shares.
Japan's Nikkei 225 index rose 0.1 percent a day after the country's currency fell to a three-month low against the dollar. A weak yen helps the country's mammoth export sector by raising the value of company profits repatriated from abroad.
U.S. stock markets were nearly flat Monday after investors were hit with more underwhelming third-quarter earnings reports. Investors were disappointed by earnings reports from toy maker Hasbro, clothing maker VF Corp., regional bank SunTrust and other companies.
The dollar fell against the euro and the yen.
Benchmark crude oil rose above $89 per barrel.
First Coast News