This morning,Asian markets are up on corporate results from Wall Street. China firms have fared well, while Japan stocks dipped on investors their cashing in on three years of good news. Marketwatch Hong Kong reported the overall prospectus as good even with China advancing only 5.3% in 2012, as compared with 25.4% the previous period.
The Shanghai Composite gained 1.6% to 2,328.71, and Hong Kong’s Hang Seng Index HK:HSI was up 0.5%. Other indexes were similarly positive, but Japan’s Nikkei Stock Average JP:100000018 was slightly (See chart from Google). Property stocks are among those trending upward, according to the reports.
Meanwhile, the pre-open for India’s NIFTY shows an upward trend. Businessweek this morning speaks of very positive investor confidence in India, and of gains even despite a sluggish world economic atmosphere. Emerging funds there will likely see renewed and keen interest this week. Reuters suggests energy stocks and telecoms as some stocks to focus on.
We will bring another report later in the day as markets open.