Asian markets surge ahead on recovery hopes, higher commodity prices

10 June 2009 @ 07:10 am EDT

RTTNews - The markets across the Asia-pacific region ended higher on Wednesday, led by higher metal and oil prices which rose on expectations of higher demand. Wall Street's resilience even amid uncertainty concerning a recovery and stronger than expected economic data from Australia as well as China lifted market sentiment. Concerns about valuation of stocks and the negative sentiment generated by weak Japanese machinery orders were more than offset by optimism about global recovery, helping the Asian stocks advance.

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