Asian markets spur on Euro zone's funding decision

All the Asian markets ended in green today as investors rejoiced the agreement of European leaders that the regions primary bailout capital can be used to fund the sick banks. At overnight meeting in Brussels European leaders decided to fund the Euro zone countries that weren’t getting assistance till now with the intention of stabilizing the volatile market.

Nikkei jumped 1.5 percent on Friday’s close above the 9000 level for the first time in seven weeks after the European leader decided to bring the borrowing down in Spain and Italy. The Shanghai composite rose to 1.35 percent on transaction value of 55.96 billion Yuan, with sectors like insurance, food and beverage, securities and trust sectors attracted the most capital today. Hang Seng closed 2.19 percent after euro zone leaders agreed to help the crisis hit single currency. So was the Kospi composite which rose to 1.9 percent at the end of day’s trade.