Most Asian markets rose on Friday as successful Italian and Spanish bond auctions and comments from the European Central Bank helped alleviate concerns about the region's debt crisis.Markets sell off a bit in the first action following S&P's multiple EU downgrades being made official Friday night. Tokyo, Hong Kong, and Shanghai are all down more than 1% in early trades. S&P 500 futures -0.5%. German Dax futures -0.6%. Euro -0.4% and buying $1.2629
Japan's Nikkei Stock Average jumped 1.4% to 8500.02, pushing it into a gain of 1.3% for the week. South Korea's Kospi gained 0.6% to 1875.68, Australia's S&P/ASX 200 index rose 0.4% to 4195.90 and Hong Kong's Hang Seng Index added 0.6% to 19204.42, its fourth gain of the week.
India's Sensex rose 0.7% to 16154.62, part of a 1.8% gain for the week. Sentiment was supported by strength in the rupee, which rose to its highest level in nearly six weeks against the dollar.
But the Shanghai Composite Index sank 1.3% to 2244.58, its third consecutive decline, while the Shenzhen Composite Index plunged 3.5% to 845.93. Taiwan's Taiex slipped 0.1% to 7,181.54 on caution ahead of presidential elections over the weekend.
Japan's Nikkei Stock Average jumped 1.4% to 8500.02, pushing it into a gain of 1.3% for the week. South Korea's Kospi gained 0.6% to 1875.68, Australia's S&P/ASX 200 index rose 0.4% to 4195.90 and Hong Kong's Hang Seng Index added 0.6% to 19204.42, its fourth gain of the week.
India's Sensex rose 0.7% to 16154.62, part of a 1.8% gain for the week. Sentiment was supported by strength in the rupee, which rose to its highest level in nearly six weeks against the dollar.
But the Shanghai Composite Index sank 1.3% to 2244.58, its third consecutive decline, while the Shenzhen Composite Index plunged 3.5% to 845.93. Taiwan's Taiex slipped 0.1% to 7,181.54 on caution ahead of presidential elections over the weekend.
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