Asian stocks market june 13 2012

Asian stocks market june 13 2012 : Asian stocks moved within a tight range on Wednesday as investors remain concerned about Spain's struggle to finance its own debt, though sentiment could get a boost from overnight gains on Wall Street.

Spanish bond yields hit a euro-era high on worries about the effectiveness of a bailout agreed over the weekend for Spain's banks. They later eased off these highs, helping U.S. stocks stage a comeback rally and rise more than 1 percent.


Japan's benchmark Nikkei average [.N225 8574.73 38.01 (+0.45%)] opened up 0.2 percent at 8,557.57, while the broader Topix gained 0.1 percent to 725.33.

Seoul shares opened firmer, tracking global markets as investors eyed undervalued stocks, although gains are likely to be capped by persistent worries over Spanish debt and Greece's uncertain future in the euro zone.

The Korea Composite Stock Price Index (KOSPI) [.KS11 1860.16 5.42 (+0.29%) ] advanced 0.4 percent to 1,862.1 points.

Australian shares opened higher following a lift in overseas markets after Spanish bond yields came off euro-era record highs, although caution prevailed with Greece elections looming.

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