Sony shares surged over 4 percent on news that activist investor Dan Loeb's Third Point has raised its stake in the consumer entertainment giant.
(Read More: Third Point Lifts Sony Stake, Urges Spin Off)
Australia Slips 0.2%
Minutes of the Reserve Bank of Australia's (RBA) June policy meeting provided no relief for Sydney investors. The central bank stated it was open to future interest rate cuts, but experts say the statement's calm tone disappointed investors who were hoping for a more aggressive stance.
"We expect the RBA to cut the official cash rate to 2.5 percent in July/August and to 2.25 percent in September/October and for the Australian dollar to fall to around $0.80 over the next few years," said Shane Oliver, head of investment strategy and chief economist at AMP Capital in a note.
Shares of agribusiness company Elders tanked 22 percent on news that it will be entering into a binding sale contract for the sale of its Futuris business.