Asian markets trading higher; Shanghai up 2%

Asian markets were trading higher. China's Shanghai Composite rose 2.08% or 40.85 points at 2,006.27.

Hong Kong's Hang Seng gained 1.54% or 209 points at 13,797.66.

Japan's Nikkei advanced 0.62% or 49.34 points at 8,053.44.

Singapore's Straits Times was up 1.97% or 32.36 points at 1,672.93.

South Korea's Seoul Composite added 0.30% or 3.03 points at 1,025.70.

Taiwan's Taiwan Weighted was up 0.53% or 22.66 points at 4,329.92