The Asian markets have made mostly a green start on the back of good new-home construction report from the US, though the traders in the region are re-focusing on the US fiscal cliff. The Japanese market has taken the lead on hopes of stimulus measures after yen slid to a seven-month low, as Japan’s exports fell for a fifth-straight month, pushing the nation closer to a recession. Japan’s shipments fell 6.5 percent in October from a year earlier, leaving a trade deficit of 549 billion yen.
Shanghai Composite was up by 5.28 points or 0.26% to 2,014.20, Hang Seng surged by 156.67 points or 0.74% to 21,384.95, Jakarta Composite was marginally up by 0.60 points or 0.02% to 4,314.96, KLSE Composite was up by 2.56 points or 0.16% to 1,624.26, Nikkei 225 added 96.93 points or 1.05% to 9,239.32, Straits Times gained 7.01 points or 0.23% to 1,895.25, Seoul Composite gained 4.50 points or 0.25% to 1,894.32 and Taiwan Weighted was higher by 11.70 points or 0.18% to 7,155.61.
