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Asia stocks rise after jump in copper prices; Nikkei up 0.45%

Published 03/01/2010, 02:57 AM
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Investing.com – Asian stock markets were up on Monday, as metal shares climbed after a rise in copper prices in the wake of a massive earthquake in Chile, the world's largest producer of the metal. 

Shortly before the start of the European trading session, South Korea's Kospi Composite Index rose 0.45%; Australia's S&P/ASX 200 Index gained 1.05%; and Hong Kong's Hang Seng Index was up 1.97%.  

Japan’s Nikkei 225 Index rose 0.45%, helped by shares such as Sumitomo Metal Mining Co, the country's second-largest copper smelter, which gained 1.1%. 

The outlook for European markets, meanwhile, was rosy: France’s CAC 40 futures indicated a rise of 1.11%; Germany's DAX futures pointed to an increase of 1.08%; EURO STOXX 50 futures indicated a rise of 1.19%; and Britain's FTSE 100 futures pointed to an increase of 0.74%. 

Later Monday, industry groups were set to release key data on the manufacturing sector in the euro zone, Britain and the United States.

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