Markets across Asia were trading marginally higher led by recovery in Yen; however oil producers were weak due to rising crude.
In the United States, the Dow Jones Industrial Average retreated from almost three-year high after the another 7.1 magnitude earthquake struck Japan and the European Central Bank (ECB) raised interest rates to 1.25% first time since the financial crisis struck. The ECB was the first monetary authority from the developed world to raise rates after 2008.
The Nikkei Stock Average was up 0.9% following recovery in manufacturing shares as Yen turned lower. Hang Seng index was trading flat, property developers were broadly lower on back of rising mortgage rates. The Shanghai Composite was trading up 0.2%.
