Investing.com - Asian shares were mixed on Friday, but mostly higher on good cues from Wall Street.
Japan's Nikkei 225 rose 0.13%, while the S&P/ASX 200 gained 0.34%.
Toyota announced Friday that it expects to introduce an electric vehicle model in China in 2020. The company also said it intended to sell around 100,000 vehicles that use China-made hybrid units. Shares were little changed, trading 0.06% higher.
In Greater China, the Shanghai Composite fell 0.55% and the Heng Seng index rose 0.80%.
U.S. House Republicans on Thursday passed a bill to cut taxes on businesses and individuals, the biggest step yet in the GOP's effort to alter the country's tax system. The House plan cuts the corporate tax rate to 20 percent from 35 percent and lessens the number of personal tax brackets to four from seven.
Republicans are attempting to pass their tax reform plans by Christmas, but Senate Republicans, who have a less robust majority than in the House, will first have to pass their version of the bill and reported it out of a key committee late on Thursday.
Overnight, the Dow Jones industrial average gained 187.08 points to close at 23,458.36, with Wal-Mart (NYSE:WMT) and Cisco leading advancers on the 30-stock index. The index rose more than 200 points at session highs. The Nasdaq composite advanced 1.3% to 6,793.29, hitting intraday and closing records. Cisco's gains helped lift the index sharply higher.
Wal-Mart reported better-than-expected quarterly earnings and revenue, sending the stock 10.9% higher to an all-time high. Cisco also reported earnings and revenue that beat Wall Street expectations, lifted in part by strong sales of software applications. Cisco shares popped 5.2%.