Friday, March 14, 2008

Asian markets open on positive note

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.

No comments: