Monday, March 24, 2008

Asian markets open on positive note: Indian markets to Advance

Asian markets opened on positive note on Monday (Mar. 24, 2008) led by technology companies and automakers, after Ma Ying-jeou`s won the Taiwan election, ending the pro-independence Democratic Progressive Party`s rule and Nissan Motor forecasts higher sales.

The world`s largest custom-chip maker, Taiwan Semiconductor Manufacturing, advanced the most in almost four years after Taiwan elections raised prospects of improved trade with China.

Japanese benchmark index Nikkei advanced 46.33 points, or 0.37%, to trade at 12,528.90.

China`s Shanghai Composite declined 63.74 points, or 1.68%, to trade at 3,732.83.

Taiwan`s Taiex index rose 335.22 points, or 3.93%, to trade at 8,860.21.

South Korea`s KOSPI advanced 6.97 points, or 0.42%, to trade at 1,652.66.

Singapore`s Straits Times rose 59.89 points, or 2.12%, to trade at 2,884.80. (8.13 a.m., IST)

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