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Asian markets trade higher as Bank of Japan maintains Stimulus Policy

08 Aug 2013 Evaluate

All the Asian markets, which open for the trade on Thursday, are trading in fine fettle as sentiments remained jubilant after Bank of Japan maintained its stimulus policy. Sentiments also got bolstered after Chinese exports rose 5.1 per cent in July from a year earlier, above expectations, while imports jumped 10.9 per cent, leaving the country with a trade surplus of $17.8 billion for the month. Meanwhile, South Korea’s Seoul Composite index too strengthened after the Bank of Korea left its benchmark interest rate at 2.5 percent

Shanghai Composite surged 9.86 points or 0.48% to 2,056.64, Hang Seng increased 166.39 points or 0.77% to 21,755.23, Nikkei 225 soared 158.94 points or 1.15% to 13,983.88, Seoul Composite strengthened 15.78 points or 0.84% to 1,894.11 and Taiwan Weighted was up by 7.10 points or 0.09% to 7,928.39.

Markets in Indonesia, Malaysia and Singapore remained shut for the trade today.

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