Asian markets climb to highest in 10 years

THE promise of a rosy growth for China at a pace of 7 per cent and a jump in oil prices drove regional equities rally on Monday, following Wall Street gains over the weekend.

CMC Markets Singapore analyst Margaret Yang in her Monday morning note said Asian markets climbed to their highest level in nearly 10 years, led by Tokyo's Nikkei, Hong Kong's Hang Seng and India's Nifty indices.

Positive sentiment from the US market also paved the way for a higher opening in Asian futures in the morning, she added.