Asian markets are trading mostly in green in early deals on Thursday after US stocks recovered most of their sharp losses from a day earlier as jitters over Italy's political turmoil subsided. Meanwhile, Japan’s Nikkei share average rebounded from a six-week low as worries over Italy’s political crisis receded, but a stronger yen and weak industrial output limited the gains. Japan’s industrial output grew much less than analysts had expected in April, data showed before the market opened, raising doubts about the consensus view that the economy would snap back in spring after contracting in the first quarter. Among the other Asian markets, Hong Kong, Taiwan, Shanghai, South Korea and Singapore are higher. Bucking the trend, Indonesia is in negative territory. Markets in Malaysia remain closed.
Nikkei 225 gained 175.94 points or 0.8% to 22,194.46, Hang Seng rose 226.12 points or 0.75% to 30,282.91, Taiwan Weighted added 43.53 points or 0.4% to 10,864.70, Shanghai Composite jumped 42.05 points or 1.38% to 3,083.49, KOSPI Index spurt 12.23 points or 0.51% to 2,421.26 and Straits Times up by 7.60 points or 0.22% to 3,451.55.
On the flip side, Jakarta Composite was down by 51.98 points or 0.86% to 5,959.07.
