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Major Asian markets end firm; Hang Seng rallies 426pts

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BS Reporter Mumbai
Last Updated : Aug 13 2009 | 2:10 PM IST

Asian markets mostly ended in the positive zone today.

The Nikkei advanced 82 points to close at 10,517, on relief after the Federal Reserve suggested the U.S. economy is through the worst of the recession.

The Hang Seng rallied 426 points, or 2%, to settle at 20,861,recouping part of the steep decline made in the previous trading session, helped by positive comments from the U.S. Federal Reserve and positive earnings momentum.

The Shanghai Composite gained 27 points to 3,140.

The Straits Times and the Taiwan Weighted gained 44 points and 136 points at 2,616 and 7,034, respectively.

However, the Seoul Composite ended flat at 1,564.
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(Updated 1120 hrs)

The Asian markets are still in the positive zone.

The Hang Seng has advanced 400 points (2%) to 20,836.  The Nikkei has gained 103 points at 10,538.

The Shanghai Composite is unchanged at 3,113.

The Taiwan Weighted Index has soared 137 points to 7,034.

The Seoul Composite is marginally up at 1,579 and the Straits times has added 40 points (1.5%).
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(Updated at 0818hrs)

Asian markets has gained in early trades following a rally in the US markets.

The Hang Seng has rallied 434 points (2%) to 20,869. The Nikkei has added 76 points to 10,511.

The Taiwan Weighted and the Straits Times have gained 1.5% each at 7,020 and 2,613, respectively.

The Seoul Composite has moved up 14 points (1%) to 1,580. The Shanghai Composite is flat at 3,115.

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First Published: Aug 13 2009 | 2:10 PM IST

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