Asian markets mostly higher, Shanghai Composite eases

FXstreet.com (Barcelona) - Mainland China’s Shanghai Composite (-0.42%) was the most notable underperformer in today’s Asian session due to headlines suggesting that there could be a housing crisis via excessive local government debt. Most equity indexes edged higher, including Japan’s Nikkei Stock Average (+1.22%), Hong Kong’s Hang Seng (+0.37%) and South Korea’s Kospi (+0.08%).

Futures for the German DAX 30 (-0.04%) and the French CAC 40 (+0.41%) are getting ready for the European session, with EMU construction output and German 10-year bond auction to attract investors’ eyes. The UK will release labor market data.