Epic Research Update : Asian Markets

Asian stocks mostly climbed on Monday, with Japan shares surging, after last week’s sharp selloff. But China’s shares lost ground as its markets re-opened after the week-long Lunar New Year holiday.

The Nikkei 225 retraced losses some of Friday’s losses, jumping 4.95 percent, and the Topix surged 5.89 percent in morning trade. The Nikkei had lost as much as 12.88 percent between February 1-12.

In South Korea, the Kospi was up 1.55 percent.

Brokerages in South Korea were also up between 2.35 and 11.91 percent, with Samsung Securities up 3.48 percent and Daewoo Securities gaining 4.14 percent.

Hong Kong-listed shares of CNOOC, Petrochina and Sinopec were up between 2.43 and 2.67 percent, while mainland shares of China Oilfield slipped 2.76 percent.

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Posted in: Indian Market Tips