Asian equity indices ascended this Friday morning as investors continued to pile up positions tracking buoyant leads from Wall Street overnight which went for a smart rally on the back of confident corporate earnings and signs of a stronger job market. Stock markets in Japan have bounced back from the recent downtrend as construction firms gained on optimism that demand will grow as Japan rebuilds after being grappled with a deluge of destruction. The South Korean benchmark climbed over half a percent as Won strengthened to a two-week high on speculations that global economic recovery will withstand Europe’s financial crisis.
Shanghai Composite advanced 16.56 points or 0.56% to 2,963.26, Hang Seng climbed 193.77 points or 0.85% to 23,109.05, Jakarta Composite zoomed 76.12 points or 2.14% to 3,632.35, KLSE Composite rose 4.03 points or 0.27% to 1,517.87, Nikkei 225 jumped 94.13 points or 1.00% to 9,529.14, Straits Times surged 28.20 points or 0.93% to 3,071.23, Seoul Composite increased 12.62 points or 0.62% to 2,049.40 and Taiwan Weighted added 40.39 points or 0.47% to 8,616.79.
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