Asian markets starts week with positive trend

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Asian markets starts week with positive trend

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Asian Stocks started the week with a moderate gain on Monday after the resignation of Egypt's President Hosni Mubarak eased investors' fears about a spread of violence to oil-producing countries.

14 February,2011 12:28 pm

Investors have been concerned during the nearly three weeks of anti-government demonstrations in Egypt that the unrest could spread to countries like Saudi Arabia, one of the worlds biggest exporters of oil. Traders uneasiness didnt stop the market from rising in response to strong fourth-quarter earnings, and it didnt stop the Dow from making its first move past 12,000 since June 2008. But Egypt nonetheless has been a nagging concern.Asian stocks rallied, snapping five straight sessions of losses, as talk of slower-than-expected Chinese inflation helped drive Shanghais main share index to its best level in seven weeks. European equity markets were expected to open higher, with financial spreadbetters calling Britains FTSE 100 (.FTSE) up 0.2 percent, Germanys DAX (.GDAXI) up 0.3 percent and Frances CAC-40 (.FCHI) up 0.5 percent. (.EU) (.L)Emerging Asia equity markets were among the best performers, following a recent sell-off on worries about whether authorities will be successful in tackling inflation.