Asian (excluding Indian) markets moved up strongly in overnight trading. European markets also trend higher on reassurances from the US Federal Reserve that continued quantitative easing will help sustain an economic recovery. In Asia: Japan +2.7%, Hong Kong +2%, China +2.3%, India -1.7%. In Europe: London +0.2%, Paris +0.3%, Frankfurt +0.4%.
European markets falling across the board on heels of renewed concern for economic situation after Italian elections. Asian markets also closed lower with Japans Nikkei 225 down 2.09% and Hong Kongs Hang Seng down 0.90%
Shanghai Composite slid another 0.5% in overnight trading. Worst weekly loss of 4.9% in almost 2 years. The decline comes following a 24% rally since Dec. 3, 2012.