The Asian markets have made a mixed start of the new week though some of the indices are trading lower. Japanese market has surged as US President expressed confidence that he and Congress would reach a budget agreement and also got support from yen weakness. The Chinese market was marginally in red as Southeast Asian leaders have sought to ease tensions with China over maritime disputes before a regional summit involving US President Barack Obama, as concerns persist over weaker demand in the global economy.
Shanghai Composite was down by 3.76 points or 0.19% to 2,010.96, Jakarta Composite was down by 12.70 points or 0.26% to 4334.54 and KLSE Composite was down by 8.50 points or 0.52% to 1,620.78.
On the other hand, Hang Seng was up by 98.27 points or 0.46% to 21,257.28, Nikkei 225 surged by 120.31 points or 1.34% to 9,145.10, Straits Times was up by 5.54 points or 0.19% to 2,951.17, Seoul Composite gained 16.98 points or 0.91% to 1,877.81 and Taiwan Weighted gained 1.20 points or 0.02% to 7,131.27.
