China steel futures jump more than 1%
Reuters reported that China steel futures jumped more than 1% to levels last seen in April backed by forecast beating trade numbers that underscored the world's No 2 economy is regaining strength.
Japanese stock futures rose in US trading after US equity indexes gained more than 10 percent and results from Panasonic Corp. and Cnooc Ltd. added to optimism Asian equities are cheap relative to earnings.