Online BusinessAsian markets surge to 17-month high
Asian markets surged to 17-month highs today. The Hang Seng jumped 456 points (2%) to 22,280. The Nikkei added 27 points to 10,682.
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The Shanghai Composite moved up 15 points to 3,277. The Straits Times advanced 23 points (1%) to 2,918. The Taiwan Weighted was flat at 8,211.
The Seoul Composite slipped marginally to 1,691.
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(Updated at 0803 hrs)
The Asian markets have started on a strong footing, in line with their US counterparts.
The Hang Seng is quoting at 21,990, higher by 167 points or 0.7% and the Nikkei is at 10,756, stronger by 101 points or 0.9%.
Straits Times is at 2,909, firmer by 14 points or 0.5% and the Shanghai Composite is at 3,277, up 14 points or 0.4%.
On the other hand, the Seoul Composite is trading down 5 points or 0.3% at 1,690 and the Taiwan Weighted is at 8,167, lower by 40 points or 0.4%.