Asian shares rise on hopes of more monetary stimulus

(Reuters) - Asian shares rose on Wednesday as investors kept hopes high for more monetary policy stimulus to support the faltering global economy, but trading may be subdued with U.S. markets closed for the Independence Day holiday.

U.S. equities rallied while European shares closed at a two-month high on Tuesday on expectations

Asian markets trading firm; Nikkei, Straits Times up

At 7: 49 am (IST), Asian markets were trading firm. China's Shanghai Composite was flat at 2,224.40.

Japan's Nikkei rose 0.32% or 28.48 points at 9,035.26.

Singapore's Straits Times was up 0.67% or 19.22 points at 2,897.67.

South Korea's Seoul Composite was up 0.15% or 2.86 points at 1,856.87.

Taiwan's Taiwan Weighted was up 0.56% or 40.65 points at 7,336.93.

Hong Kong's Hang Seng shut today. (curtsey : money control)

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Asian Stocks Drop On U.S.; Oil Near Nine-Month Low

Asian stocks fell, trimming a third weekly advance, after reports signaled a slowing U.S. economic recovery and Moody’s Investors Service cut ratings on 15 of the world’s biggest banks. Oil traded near a nine-month low.

The MSCI Asia Pacific Index (MXAP) declined 0.7 percent as of 9:02 a.m. in Tokyo, as the

Asian markets trading firm; Hang Seng, Straits Times up

At 7: 40 am (IST), Asian markets were trading firm. China's Shanghai Composite was up 0.15% or 3.38 points at 2,311.93.

Hong Kong's Hang Seng gained 0.89% or 162.05 points at 18,347.64.

Japan's Nikkei rose 0.63% or 51.94 points at 8,347.57.

Singapore's Straits Times gained 0.99% or 26.66 points at 2,725.56.

South Korea's Seoul Composite added 0.95% or 16.94 points at 1,800.07.

Taiwan's Taiwan Weighted rose 1.95% or 134.70 points at 7,029.36 (curtsey : money control).

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Head Research Department

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Asian shares ease, hurt by Spain bank woes

Asian shares slipped on Wednesday, hurt by fears that Spain's banking woes will push up the country's borrowing costs to unsustainable levels although falls were limited on hopes that Greece would stay in the euro zone and for China stimulus steps. 

The euro also eased, with selling prompted