Market Report - Asia Climbs Higher

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In today’s market report… Asian markets continued to make gains with Japan's Nikkei shrugging off reports the country's ailing Finance Minister is set to resign, leaving succession concerns in the face of a fragile economy and ballooning public debt.

Japan Airlines fell on rumors its main creditors supported bankruptcy as a way to restructure the heavily indebted airline.

Shares in Asia's largest carrier have swung wildly in recent weeks as a state-backed turnaround fund decides whether to support JAL with taxpayer money.

Meanwhile, Tiger Airways, partially owned by Singapore Airlines, is to become the first Asian airline to list in almost five years.

Good news for the auto industry. Japan's Toyota, China's SAIC and Korea's Hyundai all reported double digit growth in 2009, with a strong outlook for 2010.

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