Asian share markets opened higher on Thursday after US economic data that took some of the sting out of Brexit scare.

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The Australian dollar however slipped as the country’s triple A credit rating came under threat.

According to a report by Reuters the Aussie dollar fell half a U.S. cent to $0.7470 at first after Standard and Poor’s cut the country`s outlook to negative from stable citing a need for fiscal repair.

Later the Aussie stabilised at $0.7504.

MSCI`s broadest index of Asia-Pacific shares outside Japan rose 0.8 %.

Japanese shares were restrained by a strong yen and the Nikkei dipped 0.3 %.

Chinese shares opened lower as the benchmark - Shanghai Composite Index down 0.23% points to open at 3,009.35 points. 

ChiNext Index, tracking China`s NASDAQ-style board of growth enterprises, was down 0.03 % to open at 2,240.9 points. 

SGX Nifty opens higher at 8,343.50 points. 

NYMEX crude futures were quoted 22 cents firmer at $47.65 a barrel, while Brent added 17 cents to $48.97.

(With inputs from IANS)