Asian markets open the Friday session sharply higher with financial counters leading the advance, after reassuring earnings results from JP Morgan bolstered the view that the financial sector was stabilizing and helped buoy Wall Street. China’s economy may rebound this quarter as premier Wen Jiabao’s $ 585 billion stimulus package cushions the effects of the global recession.Hong Kong’s Hang Seng gained 1.77% or 276.46 points at 15,859.45. Japan’s Nikkei rose 2.22% or 194.29 points at 8,949.55. Singapore’s Straits Times added 1.30% or 24.67 points at 1,916.42. South Korea’s Seoul Composite was up 0.82% or 10.98 points at 1,347.7. Taiwan’s Taiwan Weighted advanced 0.83% or 49.71 points at 6,046.88.
However, China’s Shanghai Composite was down 1.14% or 28.85 points at 2,505.28.
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