Business Standard

Asian markets start in the green

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SI Reporter Mumbai

The Asian market have opened higher with all the indices trading in the positive.

The top gainer was the Seoul Composite up 1% followed by Nikkei and Jakarta Composite adding 0.8% and 0.6%.

Hong Kong shares too advanced on bargain buying in energy and property stocks after the market declined in 12 of the last 14 sessions. The Hang Seng Index rose 0.3% to 22,967. Property developers also gained modestly to pare some of their recent losses.

Japanese stocks rose with banks and oil shares among the top gainers. The benchmark Nikkei Stock Average added 0.8% to 9,631.A rebound in crude-oil prices during early Asian trading helped energy shares in the upmove.

 

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First Published: May 18 2011 | 8:37 AM IST

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