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Asian markets trade mostly higher in early deals on Monday

12 Aug 2013 Evaluate

Most of the Asian equity indices are trading in green terrain in Monday’s morning deals, as sentiments remained buoyed by positive economic data out of China late last week. China reported industrial growth for July reached a five-month high, easing fears that the world’s second largest economy was heading towards a slowdown. However, Japanese Nikkei declined over half a percent, as the country’s economy expanded by 0.6 per cent from the previous quarter, slower than a revised 0.9 per cent increase between January and March.

Shanghai Composite surged 26.99 points or 1.32% to 2,079.23, Hang Seng strengthened 363.16 points or 1.67% to 22,170.72, KLSE Composite rose 5.91 points or 0.33% to 1,785.23, Straits Times increased 7.48 points or 0.23% to 3,237.39, Seoul Composite added 6.45 points or 0.34% to 1,887.16 and Taiwan Weighted was up by 40.38 points or 0.51% to 7,896.52.

On the flip side, Jakarta Composite decreased 27.50 points or 0.59% to 4,613.28 and Nikkei 225 was up by 72.11 points or 0.53% to 13,543.08.

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