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Asian markets ends higher; Hang Seng touches three-months high

06 Aug 2012 Evaluate

Supported by strong employment data from the U.S., Asian markets rose sharply on Monday amid positive signs from Europe improved sentiment, lifting Hong Kong's Hang Seng Index to near a three-month high. The statement from European Central Bank officials that bank could intervene and buy the bonds of struggling euro-zone countries without unanimous approval, also raised hopes that a bond buying program is still a possibility. However, investors still looking from more positive triggers ahead of China’s economic data for July, with inflation figures out on Thursday and its trade balance to be released on Friday.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2,154.92

22.12

1.04

Hang Seng

19,998.72

332.54

1.69

Jakarta Composite

4,105.50

5.69

0.14

KLSE Composite

1,639.43

4.39

0.27

Nikkei 225

8,726.29

171.18

2.00

Straits Times

3,071.82

20.49

0.67

KOSPI Composite

1,885.88

37.20

2.01

Taiwan Weighted

7,286.33

68.82

0.95