Asian markets mostly higher on US fiscal hopes

Asian markets mostly rose on Tuesday morning, taking a lead from Wall Street as dealers grow confident US lawmakers will reach an agreement to avert the fiscal cliff.

Continued weakness of the yen helped send Japanese shares surging for a second straight session as Shinzo Abe prepares to take over as prime minister, vowing to press a more aggressive policy of monetary easing.

Tokyo rose 1.02 per cent, Sydney climbed 0.78 per cent, Hong Kong added 0.19 per cent, Seoul was up 0.17 per cent and Shanghai was flat.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1107312/asian-markets-mostly-higher-us-fiscal-hopes