Business Standard

Asian markets trade mostly higher

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SI Reporter Mumbai

Most of the Asian markets were trading in the green on back of rally in resource shares and positive cues from Wall Street.

Japan's Nikkei Stock Average was flat at 9,341, technology and auto shares weighed on concerns of parts shortage and production halt in the aftermath of Tsunami which hit Japan on March 11

Hong Kong's Heng Seng was up 0.7%, at 22,991 supported by rally in metal and energy producers following spike in global commodity prices. Shanghai Composite was edged 0.1% higher, at 2,952 buoyed by positive economic data. Manufacturing activity surged to two month high. The manufacturing purchasing managers' index rose to 52.5 from a 51.7 in January.

South Korea's Kospi Composite advanced 0.9%, Taiwan's Weighted index climbed 0.3% and Singapore's Strait Times edged up 0.4%.

 

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First Published: Mar 24 2011 | 8:49 AM IST

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