Asian markets are trading higher in the morning session on Tuesday following cues from Wall Street.Nikkei Stock Average 225 is trading up 2.22 precent,up 201.05 points to 9,251.38.Hang Seng Index rose 2.23 precent,up 385.62 points to 17,640.20 .Straits Times Index was up 1.55 percent 35.15 points to 2,301.79.Korean benchmark index KOSPI up 7.76 points, 0.56 percent lower at 1,385.88.Shanghai Composite Index was up 1.32 percent 40.56 points to 3,121.12.

Wall Street closed higher on Monday,Dow Jones industrial average was up 2.27 percent,up 185.16 points to 8331.68. The broad Standard & Poor's 500 index was up 21.92 points, up 2.49 percent, to 901.05.Nasdaq composite index gained 37.17 points,up 2.12 percent, to 1793.21.

FTSE 100 index ended up 1.82 percent up 74.96 points to 4202.13,Germany's DAX closed up 3.19 percent up 146.03 points to 4722.34,France's CAC 40 up 2.31 percent up 68.98 points to 3052.08.

Oil prices slipped on Monday,U.S. light crude oil for August delivery fell 20 cents to settle at $59.69 a barrel on the New York Mercantile Exchange.London Brent crude rose above $60 a barrel.Gold was up 1.10 percent up $10 to settle at $923 an ounce.Dollar rose against the yen on Monday.
Tuesday,14 July 2009