Despite Japan’s latest earthquake in the northeastern coast which is an aftershock of the tremor on March 11, Asian stakes managed to rise in the market.

The 7.4 magnitude earthquake resulted to a tsunami alert which was soon lifted by the local weather agency. Japanese authorities reported no damage to the nation’s nuclear power stations.

After a rough morning, Tokyo's Nikkei mounted a 0.91 per cent increase with exporters helped by the ongoing weakness of the yen.

Tokyo Electric Power CO, the company assigned to operate most of the wrecked nuclear plants, gained 10 per cent to 374 yen.

Hong Kong increased by 0.45 per cent, Shanghai rose 0.33 per cent and Seoul added 0.49 per cent in the early exchange.

According to Yutaka Miura who is a senior technical analyst at Mizuho Securities, shareholders continue business in Japan with precautions in fear that aftershocks of the March 11 tremor may affect the country’s production recovery.

Tankan, the Bank of Japan, displayed confidence in the succeeding months on the country’s economy despite the quake-tsunami damaging effects.

Sydney gained 0.50 per cent after Australian Treasurer Wayne Swan rejected a projected $8 billion union between the two exchanges as it went against Australia’s national interests.

Singaporean stakes remained even while the Japanese yen trades at 85.00 yen against US dollar from last time’s 85.23.

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