Asian Markets open positive

Asian stock markets opened positive on Tuesday (September 11) on speculation that higher prices for steel and crude oil will boost earnings. Japanese stocks after an early fall, regained strength and moved into the positive terrain; thus showing signs of volatility.

Posco and China Steel advanced after reports that some South Korean producers of the alloy are increasing prices. Hyundai Steel climbed as it raised prices for steel used in construction.

The Japanese benchmark index Nikkei gained 39.43 points, or 0.25%, to trade at 15,804.40.

Hong Kong`s index Hang Seng gained 130.83 points, or 0.55%, to trade at 24,130.53.

China`s Shanghai Composite gained 33.22 points, or 0.62%, to trade at 5,388.51.

Taiwan`s index Taiex gained 79.12 points, or 0.89%, to trade at 9,016.70.

South Korea`s KOSPI gained 2.32 points, or 0.13%, to trade at 1,838.19.

Singapore`s Straits Times gained 38.48 points, or 1.12%, to trade at 3,480.35