Asian markets opened on positive note on Thursday (April 24), on speculation that technology companies will post better-than-expected earnings and a cut in trading tax by China will boost investor confidence.
Samsung Electronics advanced after Broadcom reported first-quarter profit better than the analyst estimates. Qualcomm advanced after it raised its earnings forecast.
Japanese benchmark index Nikkei rose 51.71 points, or 0.38%, to trade at 13,630.87.
Hong Kong`s index Hang Seng rose 570.42 points, or 2.26%, to trade at 25,859.66.
China`s Shanghai Composite advanced 294.94 points, or 9%, to trade at 3,573.27.
Taiwan`s Taiex index rose 37.08 points, or 0.41%, to trade at 9,045.57.
South Korea`s KOSPI rose 9.98 points, or 0.55%, to trade at 1,810.77.
Singapore`s Straits Times rose 39.87 points, or 1.25%, to trade at 3,233.71. (8.10 a.m., IST)
Indian ADRs gain as US markets rebound
US stocks ended with a moderate advance on Wednesday (April 23) after a better-than-expected profit report at Boeing and a up-and-down day in the energy markets.
The Dow Jones industrial average rose 42.99 points, or 0.34%, to 12,763.22. The NASDAQ composite index added 28.27 points, or 1.19%, to 2,405.21.
The yield on the benchmark 10-year Treasury note, which moves opposite to its price, rose to 3.74% from 3.69% late Tuesday.
Majority of Indian ADRs ended on a positive note on Wednesday barring HDFC Bank that ended marginally lower 1.16% at USD 106.83.
Gainers:
| Company | USD | % Gain |
| Sterlite | 20.98 | 1.60 |
| ICICI Bank | 43.63 | 0.05 |
| Wipro | 12.27 | 3.81 |
| Infosys | 42.19 | 2.08 |
| Satyam | 23.53 | 1.12 |
| Tata Motors | 16.03 | 2.69 |
| MTNL | 5.59 | 1.64 |
| Tata Communications | 24.04 | 1.65 |
| Dr Reddy`s | 15.68 | 2.48 |
| Patni Computers | 12.94 | 3.11 |
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