Asian markets show positive signs

    Asian markets show positive signs

    Jan 21, Beijing: Asian stock has opened higher on Thursday. Despite the positive signs, it was unable to recover the losses seen in the past days. 

    Mainland China's main market in Shanghai was slightly lower by 0.3%, confirming international concerns over the world's second largest economy.

    In Hong Kong, The Hang Seng index managed to recovered 1.3% after losing almost 4% on Wednesday. Australia was the first to buck the share market rout, with the ASX/200 gaining 1.1%.

    Japan and South Korea were also higher with the Nikkei up by 1.4% while the Kospi rose by 0.5%.

    Despite the positive signs of stock in Asia, European and US indexes have continued to tumble following fall of oil price. On Wednesday, stocks had dived to their lowest levels since May 2009, with UK, French and Japanese shares falling more than 20% below their 2015 highs.

    Wall Street was not immune either. The Dow Jones closed 1.6% lower after a volatile trading day had seen stocks as much as 3% down.

    The Oslo Times