Thursday, 29 November 2012 13:19
HONG KONG: Asian markets mostly tracked Wall Street higher on Thursday as investors following US talks aimed at avoiding a fiscal cliff welcomed positive comments from both sides of the political divide.
Higher-yielding "riskier" currencies also rose on hopes of progress on a resolution over the package of tax hikes and spending cuts due on January 1 that will likely tip the US economy back into recession.
Tokyo added 0.99 percent, or 92.53 points, to 9,400.88, Sydney was 0.68 percent, or 30.4 points, higher at 4,477.7 and Seoul climbed 1.15 percent, or 22.07 points, to 1,934.85.
Hong Kong also rose 0.99 percent, picking up 213.91 points to 21,922.89 but Shanghai fell 0.51 percent, or 10.04 points, to 1,963.49, a near four-year low.
With the focus now almost entirely on Washington, House of Representatives speaker John Boehner said Wednesday he was optimistic of a deal between his Republicans and their bitter Democratic rivals.
Later in the ...