Asia markets traded higher as investors continue to wait for policy details from the Trump administration on tax reforms and deregulation.
Asia markets traded mixed on Thursday despite U.S. gains. Toshiba shares extended their tumble amid concerns over its restructuring plans.
The Japanese electronics giant warns of a $6.3-billion write-down and said its chairman was resigning.
Asia markets finished mixed. The Nikkei climbed 1 percent, while Toshiba shares dropped 8.75 percent amid growing concerns.
Amir Anvarzadeh of BGC Securities says Toshiba is more likely to be relegated to a second tier index than delisted.
Seth Fischer, CIO at Oasis Management, says Toshiba should not be selling the majority stake in its memory chip business.
Shares of Toshiba tumbled on Wednesday after the electronics conglomerate said it would book a $6.3 billion hit.
Jesper Koll, CEO of WisdomTree Japan KK, weighs in on Toshiba's financial woes.
Mark Newman, MD at Bernstein, says Toshiba's situation is extremely unstable.
Toshiba will halt its nuclear construction ambitions after its Westinghouse unit incurred large losses, according to the WSJ.