Asian stocks end higher

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Asian stocks end higher

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Asian stocks rose on Wednesday after strong performance on Wall Street as Tokyo surged on weak yen.

30 March,2011 07:11 pm

Asian stocks rose on Wednesday after a strong performance on Wall Street while Tokyo surged thanks to a weaker yen, but traders remained cautious due to ongoing fears over Japans atomic crisis.The dollar surged against the Japanese unit after a second senior Federal Reserve official talked up the possible tightening of monetary policy, such as a interest rate rise or the ending of quantitative easing.Tokyo gained 2.64 percent, or 249.71 points, to 9,708.79 as the yen tumbled against the greenback and euro.However, traders remained cautious as crews continued their struggle to avoid a meltdown at the crippled Fukushima Daiichi plant that was rocked by the March 11 quake and tsunami.Hong Kong ended 1.70 percent, or 391.07 points, higher at 23,451.43 and Seoul rose 0.93 percent, or 19.25 points, to 2,091.38. However, Shanghai was flat, edging down 2.31 points to 2,955.77. In other markets: Singapore closed up 1.26 percent, or 38.37 points, at 3,095.32.Manila soared 2.98 percent, or 116.51 points, to 4,023.74. Kuala Lumpur closed up 0.76 percent, or 11.54 points, at 1,531.63. Bangkok rose 1.38 percent or 14.31 points to close at 1,050.67. Mumbais benchmark 30-share Sensex Index closed up 169.38 points to 19,290.18, a near three-month high.