Asian markets make a good start on positive signs from US and Europe

The Asian markets have made a good start of the new week with some of the indices surging by over one and half a percent on getting positive signs from US and Europe, improving sentiments of the traders; Japanese market was up by close to two percent, as the yen weakened against most of its major peers. There is optimism across the global markets as Greece and its international creditors agreed on the need to strengthen policy efforts to support the economy. Markets were also getting support from the rise in commodity stocks in the region.

Shanghai Composite was up by 2.63 points or 0.12% to 2,135.42, Hang Seng surged by 399.91 points or 2.03% to 20,066.09, Jakarta Composite gained 26.98 points or 0.66% to 4,126.83, KLSE Composite was up by 4.15 points or 0.25% to 1,639.00, Nikkei zoomed by 147.23 points or 1.72% to 8,702.34, Straits Times was added 27.27 points or 0.90% to 3,078.50, Kospi Composite surged by 36.33 points or 1.96% to 1,884.60 and Taiwan Weighted has added 82.37 points or 1.14% to 7,299.88.