Asian markets have made a positive start and are trading jubilantly in early deals on Friday tracking firm cues from Wall Street amid optimism that U.S. politicians are moving towards a deal to prevent the country hitting its debt ceiling. Japanese Nikkei surged around one and a half percent as yen slide against the dollar. Some support also came in after the index measuring corporate service prices in Japan was up 0.3 percent at 102.7 in September, compared to the previous month, that topped forecasts for an increase of 0.2 percent following the downwardly revised 0.2 percent gain in August (originally 0.3 percent). On a yearly basis, prices were up 2.3 percent, matching expectations and unchanged from the previous month after a downward revision from 2.4 percent.
Shanghai Composite rose 19.39 points or 0.88% to 2,210.32, Hang Seng soared 287.76 points or 1.25% to 23,239.06, Jakarta Composite gained 28.83 points or 0.64% to 4,515.50, KLSE Composite strengthened 10.10 points or 0.57% to 1,786.02, Nikkei 225 surged 211.34 points or 1.49% to 14,406.05, Straits Times increased 17.77 points or 0.56% to 3,187.68, Seoul Composite added 23.55 points or 1.18% to 2,024.95 and Taiwan Weighted was up by 35.18 points or 0.42% to 8,379.91.
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