Hopes for the US economic recovery on Monday helped soothe Asian markets shaken by the eurozone’s debt crisis and tensions on the Korean peninsula. Tokyo’s Nikkei Index ended the session up 0.86 percent, or 86.43 points, at 10,125.99, with consumer electronic stocks like Sony buoyed by signs of a strong US shopping season and a firmer dollar also providing support. Hong Kong’s Hang Seng index ended up 1.26 percent, or 288.97 points, at 23,166.22, recovering most of the previous week’s losses, with bellwether consumer goods trading firm Li and Fung rising 4.71 percent during the day. Sydney’s S&P/ASX 200 edged up 0.44 percent, or 20.2 points, to 4,618.5. However Shanghai’s Composite Index closed down 0.19 percent, or 5.34 points, at 2,866.36, as concerns persist about Chinese efforts to cool the mainland economy. Seoul’s Kospi index, jarred by last week’s deadly exchange of fire with the North and subsequent angry rhetoric, ended down 0.33 percent, or 6.26 points, at 1,895.54. Japanese traders were more focused on the US outlook however, with signs of a strong shopping season to be followed on Friday by US jobs data that analysts say will indicate a firmer US recovery. Kenichi Hirano, operating officer at Tachibana…
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