HONG KONG–Asian markets rose Monday following widespread falls last week, after Wall Street shrugged off fears over instability in Iraq and Ukraine.
Tokyo rebounded 2.38 percent, closing up 352.15 points at 15,130.52 and making up much of the 2.98 percent dip it suffered Friday after US President Barack Obama’s announcement that he had authorized air strikes in Iraq.
Hong Kong closed up 1.29 percent, or 314.61 points, at 24,646.02 while Shanghai gained 1.38 percent, or 30.22 points, to 2,224.65.
Other regional markets saw more modest gains. Sydney rose 0.40 percent, or 21.7 points, to 5,457.0 while Seoul was up 0.41 …read more
Source: The Philippine Daily Inquirer
