The Asian markets have made a mixed start though some of the indices are recovering from their four days losing streak on encouraging signs from US, however there was some weak economic reports from within the region and the European crisis lingered too with no solution in sight. South Korea’s Kospi index was marginally higher despite data showing the nation’s economy grew at the slowest pace in almost three years. Chinese market too has recovered from its initial decline after the International Monetary Fund’s top official in China said monetary stimulus measures in place are enough to support growth.
Shanghai Composite was up by 5.14 points or 0.24% to 2,141.29 Hang Seng added 4.80 points or 0.03% to 18,873.18, Nikkei 225 added 23.48 points or 0.28% to 8,389.38, Straits Times was up by 16.37 points or 0.55% to 3,007.29, Kospi Composite gained 6.68 points or 0.38% to 1,775.99 and Taiwan Weighted added 25.10 points or 0.36% to 7,004.23.
On the other hand, Jakarta Composite lost 6.84 points or 0.17% to 3,994.00 and KLSE Composite declined by 4.59 points or 0.28% to 1,630.50.