Market Report – Asia Up on China Recovery

Asian share markets rose today, cheered by U.S. earnings hopes and expectations of further Chinese economic recovery. 

Technology firms led gainers, as Korea’s Samsung pushed the KOSPI higher and Taiwan’s benchmark ended at a 1-month peak.

Japan’s Mazda surged on a report Toyota would supply it with components to make hybrid vehicles within four years.

The Bank of Japan upgraded its domestic view, saying the world’s No. 2 economy is likely to pick up over time.

In Australia, top miners helped the share benchmark higher, as copper prices rose to 1-month highs on the growing global rebound hopes.

And Separately, Rio Tinto has evacuated some iron ore staff from China in response to the detention of some Rio Tinto traders by Chinese state authorities.

(NTDTV)