Singapore: Asian stock markets were higher Friday, with Japanese Nikkei Stock Average breaking above the key 10000 mark for the first time since Aug. 1 last year.
After being dragged down the devastating earthquake, tsunami and ensuing nuclear crisis a year ago, the Nikkei started to climb back to pre-disaster levels, only to be hit in midsummer by the European sovereign debt crisis, which weighed heavily on the nation’s exporters.
In addition to the Nikkei, up more than 2%, South Korea’s Kospi Composite rose 0.9% and India’s Sensex was 1.8% higher. Hong Kong’s Hang Seng Index rose 1.1%, while China’s Shanghai Composite was up 0.4%.
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