The Asian markets have mostly made a positive start and barring the Japanese market all others are trading in green supported by gains in commodities stock and weak economic data signaling governments may have to do more to support their economies. The China Securities Regulatory Commission issued information-security rules on speculation the government would announce measures to boost markets. Optimism that Spain’s progress on deficit goals will help Europe contain its debt crisis, too has supported the markets in the region also Spanish Prime Minister Mariano Rajoy’s nine-month-old government announced its fifth austerity package. Meanwhile the Japanese market remained in somber mood, continuing its weakness of last session as Industrial production in the world’s third-largest economy fell more than estimated in August due to slowing demand in China and Europe.
Shanghai Composite was up by 21.53 points or 1.05% to 2,077.85, Hang Seng gained 108.81 points or 0.52% to 20,871.10, Jakarta Composite was up by 21.60 points or 0.51% to 4,245.90, KLSE Composite added 10.20 points or 0.62% to 1,637.99, Straits Times gained 9.68 points or 0.32% to 3,068.68, Kospi Composite added 4.45 points or 0.22% to 1,993.66 and Taiwan Weighted was higher by 4.94 points or 0.06% to 7,688.61.
On the other hand Nikkei 225 was the lone loser, down by 30.43 points or 0.34% to 8,919.44.