Indian Impact: Asian markets rebound, end up

Asian markets rebounded into the positive zone at close  owing to a spectacular rally in Indian markets following UPA's victory in the Lok Sabha polls.

The Hang Seng rallied 232 points (1.5%) to 17,023. Japan's Nikkei, however, ended in the red at 9,039, down 226 points (2.5%).

The Taiwan Weighted advanced 88 points to 6,577. The Straits Times added 27 points (1%) to 2,167. The Shanghai Composite moved up eight points to 2,653.

The Seoul Composite ended flat at 1,387.
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(Updated at 1107 hrs)

Asian markets have still not recovered despite stupendous rally in the BSE index. Major indices are still in red.

The Nikkei continues to be down 223 points(2.5%) to 9,042. The Hang Seng is still in red with 212 points down at 16,578.

The Shanghai Composite has dropped 32 points to 2,613.

The Straits Times has declined 14 points to 2,125 and the Seoul Composite is down 13 points at 1,378.

Taiwan Weighted continues to hold gains and is now 63 points up at 6,552.

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Updated at 0811 Hrs:

The Hang Seng has plunged 440 points (2.5%) to 16,350 . The Nikkei has tumbled 265 points (3%) 9,000 . It has touched its lowest point in more than two week after the Panasonic predicted a bigger than expected annual loss following  weak demand, price falls and restructuring costs.

The Shanghai Composite has declined 48 points (2%) to 2,597. 

The Straits Times has dropped 31 points (1.5%) to 2,108 and the Seoul Composite is down 24 points (2%) at 1,367.

However, the Taiwan Weighted has advanced marginally to 6,490.