Asian Markets Join The Fun, Rally In Early Trading

japanese fans 4x3

UPDATE 10:15:

Hong Kong and China have now been trading up for over an hour, as other open markets just get stronger:

Hong Kong’s Hang Seng is up 2.5%

Shanghai Composite is up 0.7%

Japan’s Nikkei is up 1.8%

Korea’s Kospi is up 3.8%

Australia’s S&P/ASX is up 3.0%



rumours of a levered EFSF sent US markets surging, and it looks like they’re also boosting Asian markets.  Here’s how they look in early trading;

Japan’s Nikkei is up 1.5%

Korea’s Kospi is up 3.1%

Australia’s S&P/ASX is up 2.6%

Gold futures are at around $1620 per ounce, up 2%.  US futures, on the other hand are taking a breather.

Dow futures are down 23 points

S&P 500 futures are down 3 points.

Nasdaq futures are down 3 points

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.