Asian markets trade mostly in green

Most of the Asian markets have made a positive start, as European debt crisis seemed easing after Germany backed a European Central Bank bond-buying plan. The Japanese market was trading up by over half a percent despite yen remaining stronger against its major peers on speculation that the Bank of Japan will refrain from additional monetary easing at its policy meeting tomorrow. Meanwhile, Japanese Finance Minister Jun Azumi has said that the country will extend a facility to counter yen gains through fiscal year 2012.

Shanghai Composite was down by 1.53 points or 0.07% to 2,153.38, KLSE Composite lost 2.19 points or 0.13% to 1,637.24 and Taiwan Weighted declined by 6.11 points or 0.08% to 7,280.03.

On the other hand, Hang Seng added 63.22 points or 0.32% to 20,061.94, Jakarta Composite gained 3.61 points or 0.09% to 4,108.03, Nikkei was up by 52.44 points or 0.60% to 8,778.73, Straits Times added 7.01 points or 0.25% to 3,079.21 and Kospi Composite was marginally up by 0.87 points or 0.05% to 1,886.96.