Asian stock markets outlook october 10 2011

Indonesia stock info -Asian stock markets outlook october 10 2011 ; Asian stock markets ended sharply higher Friday, as fresh optimism that Europe is ramping up efforts to shore up its financial system and prevent another global banking crisis boosted investor appetite for equities.

Hong Kong's Hang Seng Index rallied 3.1%, Japan's Nikkei Stock Average climbed 1.0%, South Korea's Kospi jumped 2.9%, and Australia's S&P/ASX 200 index rose 2.3%. ;

Markets should be up with a few small corrections at least for a few days. This has been the tendency now for the last 4 or 5 weeks, bouncing off 4700-4750 levels and the rallies from that bounce have tended to be fairly strong because of the high volatility. So no reason to believe it would be any different once again. In this context, we are curiously behaving more like the Dow and some European markets than any of the Asian markets

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