Asian markets opened on a strong note on Tuesday (Mar. 25, 2008), led by banks, after JPMorgan Chase raised its bid for Bear Stearns, easing concern about financial asset prices.
BHP Billiton advanced after U.S. home sales rose unexpectedly and copper prices rises. The world`s largest maker of digital cameras, Canon advanced the most among Japanese exporters.
Japanese benchmark index Nikkei advanced 166.24 points, or 1.33%, to trade at 12,646.33.
Hong Kong`s index Hang Seng climbed 714.73 points, or 3.39%, to trade at 21,822.95.
China`s Shanghai Composite declined 60.51 points, or 1.67%, to trade at 3,565.68.
Taiwan`s Taiex index declined 61.17 points, or 0.69%, to trade at 8,804.18.
South Korea`s KOSPI advanced 18.77 points, or 1.13%, to trade at 1,674.07.
Singapore`s Straits Times rose 52.44 points, or 1.79%, to trade at 2,980.23. (8.16 a.m., IST)
Tuesday, March 25, 2008
Asian markets open higher
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