Major Asian markets are trading mixed, though the indices of the region got an optimistic start rebounding from the pounding of last week and their biggest drop in six months, as the Chinese Premier Wen Jiabao said China will focus more on bolstering economic growth. But the cautiousness prevailed in the region ahead of the German and French leaders meet today to discuss the euro after the Group of Eight nations exposed disagreement on a rescue strategy. G-8 leaders on May 19 urged Greece to stay within the euro area.
Shanghai Composite gained 7.05 points or 0.30% to 2,351.57, KLSE Composite was marginally up by 0.95 points or 0.06% to 1,533.41, Nikkei 225 added 38.24 points or 0.44% to 8,649.55, KOSPI Composite was up by 13.61 points or 0.76% to 1,796.07 and Taiwan Weighted was trading higher by 54.23 points or 0.76% to 7,205.42.
On the other hand, Hang Seng Index got thrashed by 137.34 points or 0.72% to 18,814.51, Jakarta Composite lost 39.74 points or 1% to 3,940.75 and Straits Times Index lost 2.98 points or 0.11% to 2,776.12.