Wednesday, April 23, 2008

Asian markets open positive

Asian markets opened on positive note on Wednesday (April 23), led by commodities companies, after oil and metals prices rose.

Mitsui & Co, which depends on trading in raw materials for more than half of its profit, touched five months high.

South Korea`s third-largest maker of the alloy, Dongkuk Steel Mill touches two-month high after it announced to raise prices of ship plates by 23%.

Japanese benchmark index Nikkei rose 92.83 points, or 0.69%, to trade at 13,640.65.

Hong Kong`s index Hang Seng rose 139.36 points, or 0.56%, to trade at 25,078.51

China`s Shanghai Composite advanced 47.89 points, or 1.52%, to trade at 3,195.68.

Taiwan`s Taiex index fell 44.79 points, or 0.50%, to trade at 8,992.46.

South Korea`s KOSPI rose 14.96 points, or 0.84%, to trade at 1,802.45.

Singapore`s Straits Times rose 6.94 points, or 0.22%, to trade at 3,194.17. (8.20 a.m., IST)

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