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Asian Markets Trade Higher
(RTTNews) - Asian stock markets are mostly trading higher on Monday amid speculation the Chinese government will ease tightening measures as Europe’s debt crisis threatens economic growth. Most of the markets in the region, however, were seen struggling earlier in the session despite a firm close on Wall Street last Friday.
The Australian market, which pared its gains after an early surge, rebounded subsequently and is currently trading notably higher on the back of some hectic buying in financial, energy and materials stocks,
The benchmark S&P/ASX 200 index, which declined to aorund 4,303 in morning trades, is currently up 42.6 points or 1% at 4,348. The broader All Ordinaries index is trading at 4,368, up 42.2 points or 1% over its previous close.
On Friday, the S&P/ASX 200 index fell to a 10-month low of 4,176 in early trading before ending down 11 points or 0.26% at 4,305, its lowest closing since Aug 21,2009, while the All Ordinaries index settled at 4,325.8 with a loss of 16.6 points or 0.38%.
