Asian markets reach three-year high

<p> Asian markets have mostly ended on a high following string of good news over global growth outlook.</p>

Stocks on Asian markets rose to three-year highs today (June 10th) following series of positive news over global growth prospects.

Monetary easing by the European Central Bank and positive US employment data last week have encouraged traders to take more risks, while new Chinese inflation figures released earlier in the day brought a muted reaction.

According to Reuters, the inflation data remains well within the state's comfort zone, "giving room for the government to launch fresh stimulus measures if needed to support the economy".

MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was up 0.3 per cent after touching 493.54, its highest since June 2011.

Tokyo fell 0.85 per cent on Tuesday to finish at 14,994.80 due to a weaker yen, but Seoul surged 1.09 per cent to 2,011.80 and Sydney edged up 0.1 per cent to close at 5469.7.

Shanghai rallied 1.08 per cent to 2,052.53 and Hong Kong rose 0.86 per cent to 23,315.74.

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