Asian markets are headed modestly higher after Japan said industrial production jumped 4% in December, beating economists’ expectations.
Japan’s Nikkei is up 0.4%.
Korea’s Kospi is up 0.5%.
Australia’s S&P/ASX is up 0.1%.
Hong Kong’s Hang Seng is up 0.7%.
China’s Shanghai Composite is up 0.2%.
Like the U.S. markets on Monday, Asian markets seem to be brushing off the deteriorating debt situation in Europe. Portugal saw its 10 year yield shoot through 17%.