Most of the Asian markets have made a green start, though the Japanese economic growth numbers were disappointing but Bank of Japan minutes showed policy makers weren’t ruling out any options to boost the economy. Japan’s economy expanded at a slower-than-expected annual rate of 1.4% in the April-June quarter as the country's exports suffered under the strong yen and European debt crisis, adding to growing evidence of a stalling global economy. Chinese market was the lone laggard in the regional pack, there was concern among the investors that the nation’s slowing economy has started hurting corporate earnings. Government data last week showed that exports grew 1 percent after climbing 11 percent in June.
Hang Seng was up by 55.16 points or 0.27% to 20,136.52, Jakarta Composite gained 4.32 points or 0.11% to 4,106.86, KLSE Composite was marginally up by 1.35 points or 0.10% to 1,648.04, Nikkei gained 46.03 points or 0.52% to 8,931.18, Straits Times was up by 7.54 points or 0.18% to 3,070.69, Kospi Composite was up by 14.20 points or 0.73% to 1,946.99 and Taiwan Weighted was up by 26.08 points or 0.36% to 7,463.19.
On the other hand, Shanghai Composite was lone loser, down by 9.42 points or 0.44% to 2,126.66.