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Friday, October 09, 2009

Asian stocks open positive


Asian stock markets were mostly higher on Friday as the positive cues on Wall Street boosted confidence in the economic recovery. Resource and energy stocks led the gains for a second day running as commodity prices stayed buoyant.

Japanese benchmark index Nikkei 225 gained 59.19 points, or 0.60%, to trade at 9,891.66.

Hong Kong`s Hang Seng index was flat down by 2.48 points, or 0.01%, to trade at 21,490.42.

China`s Shanghai Composite index gained 86.13 points, or 3.10%, to trade at 2,865.56.

Taiwan`s Taiex index climbed 26.87 points, or 0.36%, to trade at 7,530.18.

South Korea`s Kospi index advanced 20.66 points, or 1.28% to trade at 1,636.12.

Singapore`s Straits Times lost 8.27 points, or 0.31%, to trade at 2,642.68. (8.15 a.m., IST)