Asian markets belled the day (Friday, Mar. 14) on a positive note. The markets advanced, led by mining companies and banks, after gold and crude oil prices rose to a record high and Standard & Poor`s said that the subprime losses will soon end.
The world`s largest mining company, BHP Billiton rose. National Australia Bank led banking stocks higher.
Japanese benchmark index Nikkei rose 64.19 points, or 0.52%, to trade at 12,497.63.
Hong Kong`s index Hang Seng rose 286.85 points, or 1.29%, to trade at 22,588.49.
China`s Shanghai Composite rose 31.38 points, or 0.79%, to trade at 3,939.88.
Taiwan`s Taiex index rose 31.23 points, or 0.38%, to trade at 8,242.22.
South Korea`s KOSPI rose 1.96 points, or 0.12%, to trade at 1,617.58.
Singapore`s Straits Times rose 35 points, or 1.25%, to trade at 2,840.55.