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| Asian markets end up; Nikkei surges |
| BS Reporter / Mumbai Jul 21, 2009, 14:32 IST |
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Asian markets ended up today on economic recovery hopes and good corporate earnings.
The Nikkei surged 257 points (2.7%) to 9,652. The Hang Seng, however, ended flat at 19,502.
The Seoul Composite added 10 points to 1,489. The Taiwan Weighted moved up 14 points to 6,953.
However, the Shanghai Composite shed 54 points (1.5%) to 3,213. The Straits Times was almost unchanged at 2,454, down two points.
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(Updated at 1200 hrs)
The Asian markets are mostly in the positive terrain, as upbeat company earnings reassured investors that a U.S. economic recovery is taking root, reviving investor appetite for riskier assets.
The Hang Seng has now advanced 37 points to 19,539, after decline in the early trades.
The Nikkei has rallied 246 points to 9,641.
The Seoul Composite has added nine points to 1,488.
The Straits Times and the Taiwan Weighted were up seven points and 14 points to 2,463 and 6,953, respectively.
However, the Sanghai Composite has declined 16 points to 3,250.
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