Asian markets trade mostly in green

The Asian markets have mostly made a positive start, while the Chinese market was trading marginally down despite the Consumer Inflation easing for fourth straight month; however other indices in the region are showing good uptick as the falling Chinese inflation has created more room for further policy easing in the world’s second largest economy. Consumer prices rose 1.8 percent from a year earlier, while the producer prices fell 2.9 percent from a year earlier, the fifth straight drop. Japanese market was trading up by about half a percent ahead of a Bank of Japan's policy decision today. Meanwhile, Australian employment exceeded estimates in July. The number of people employed rose by 14,000 last month after falling by a revised 28,300 in June. The number of full-time jobs advanced by 9,200 in July, and part-time employment rose 4,800. In other development in the region, Singapore has cut the upper end of its economic growth forecast for 2012 and has said that country’s gross domestic product will probably rise 1.5 percent to 2.5 percent this year.

Shanghai Composite was lone loser, down by 2.64 points or 0.12% to 2,158.35,

On the other hand, Hang Seng surged by 118.80 points or 0.59% to 20,184.32, Jakarta Composite gained 33.40 points or 0.85% to 4,125.64, KLSE Composite was up by 1.88 points or 0.12% to 1,637.89, Nikkei gained 70.14 points or 0.76% to 8,951.14, Kospi Composite was up by 25.98 points or 1.37% to 1,929.47 and Taiwan Weighted added 82.12 points or 1.14% to 7,402.08.

Straits Times remained closed on account of National Day holiday.