Far East Stocks Surge Early Friday

Econintersect:  Seven of eleven Asia/Pacific Stock markets are up 1% or more in early trading Friday (March 4).  Shanghai is the weakest market with a gain of 0.3%.Tokyo leads the way with the Nikkei 225 up 1.6%.  The Hang Seng (Hong Kong) is ahead by 1.4% and Sinagapore is up 1.1%.  Seoul, Malaysia, Mumbai (Bombay) and Sydney are all 1% to the plus side.  Indonesia and Taiwan are  +0.8% and New Zealand is +0.7%.

The whole world is celebrating the fact that oil didn’t go up Thursday, the possibility that there may be some peace moves in Libya and good economic news in the U.S.  Most major markets in Europe and all in the Americas were up Thursday.

Sources:  Yahoo Finance and GEI News here and here