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Asian markets trade mostly higher in early deals

10 Jun 2013 Evaluate

Most of the Asian markets are trading higher in Monday’s morning deals following a rally in US equities on Friday on positive jobs data. Better than expected US jobs data helped allay concern that the Fed might wind down its stimulus. Meanwhile, Japanese market rebounded from the biggest weekly drop in a year as Prime Minister Shinzo Abe, Japan has revised its growth to 4.1 per cent in first quarter.

Hang Seng rose 95.99 points or 0.44% to 21,671.25, KLSE Composite jumped 14.07 points or 0.79% to 1,789.66, Nikkei 225 soared 488.45 points or 3.79% to 13,365.98, Straits Times increased 21.82 points or 0.69% to 3,206.54, KOSPI Composite surged 9.84 points or 0.51% to 1,933.69 and Taiwan Weighted was up by 77.93 points or 0.96% to 8,173.13.

On the flip side, Jakarta Composite was down by 75.32 points or 1.55% to 4,790.01. 

Chinese markets remained shut for trade today. 

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