Asian markets have rallied smartly in morning trades today.The Hang Seng has surged 450 points to 26,880. The Nikkei has rallied 253 points to 16,689. The Shanghai Composite index has gained 21 points at 5359.The Taiwan Weighted index has soared 93 points to 9350. The Straits Times index has advanced 39 points to 3689, and the Seoul Composite index has added 20 points to 1939.