Asian markets are in rally mode in early trading. After the U.S. markets closed, Alcoa announced a Q4 net loss that was in line with analysts’ expectations. However, revenue was stronger-than-expected and the 2012 outlook for global demand was encouraging.Australia’s S&P/ASX is up 0.85%
Japan’s Nikkei is up 0.44%
Korea’s Kospi is up 1.60%
Hong Kong’s Hang Seng is up 0.35%.
Shanghai Composite is up 0.81%.
U.S. futures are also trading higher with Dow futures up 25 points.