Asian markets are trading jubilantly in the green in early deals on Friday as investors opted to buy beaten down but fundamentally strong stocks tracking a positive lead from the US and European markets where the mood was upbeat overnight on back of some impressive economic data. Meanwhile, Japanese Nikkei rallied sharply around two and a half percent with the yen declining against the US dollar and the overnight positive close on Wall Street lifting sentiments to a significant extent and triggering heavy buying almost across the board. Among other markets in the Asia-Pacific region, Hong Kong, Indonesia, South Korea and Taiwan are trading notably higher, while Shanghai, Malaysia and Singapore are up with modest gains
Shanghai Composite rose 6.26 points or 0.30% to 2,073.38, Hang Seng strengthened 115.67 points or 0.53% to 22,011.07, Jakarta Composite surged 56.89 points or 1.36% to 4,228.31, KLSE Composite increased 7.31 points or 0.42% to 1,727.68, Nikkei 225 soared 333.27 points or 2.49% to 13,698.44, Straits Times jumped 10.05 points or 0.33% to 3,099.45, Seoul Composite added 21.91 points or 1.18% to 1,871.03 and Taiwan Weighted was up by 68.14 points or 0.87% to 7,882.52.
