Asian markets jump higher

Asian markets climbed in morning trade after US markets hit five month high on better than expected results and decline in greenback which boosted demand for equities.

Markets in Hong Kong also surged on back of rally in Chinese local banks and resource stocks, the Hang Seng index has risen 1.1%.

Even Shanghai Composite is leading the gains, the index is up 1.2% as policy  makers meet this week to discuss the five year plan and set up a blueprint  for improving the economic growth.

Japan's Nikkei average has also risen 1.8%. Bank of Korea holds the interest rate steady pushing Seoul Composite higher by 0.8%. Taiwah Weighted has also surged 1.7%.