Most of the Asian markets have made a green start, though they are gaining marginally as concern over slowing corporate earnings growth and European debt crisis continued looming large. Japanese market was marginally up, as exporters advanced after yen fell to a three-month low. A weaker yen boosts the value of overseas income at Japanese companies when repatriated. On the same time Chinese market was trading lower on concern that the slowing economy is hurting profits and on speculation that regulators will introduce measures to bolster equities.
Shanghai Composite was down by 13.65 points or 0.64% to 2,119.11, Kospi Composite fell by 8.86 points or 0.46% to 1,932.94 and Taiwan Weighted was down by 31.19 points or 0.43% to 7,339.90.
On the other hand, Jakarta Composite was up by 2.41 points or 0.06% to 4,343.68, KLSE Composite gained 1.33 points or 0.08% to 1,663.28, Nikkei 225 was higher by 7.12 points or 0.08% to 9,017.83 and Straits Times declined was up by7.56 points or 0.25% to 3,052.67.
Hong Kong markets are closed for a holiday today.