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Markets Are Going Nowhere After HUGE Day In Asia

Joe WeisenthalJan 18, 2013, 14:37 IST

Wikimedia CommonsUS futures, Europe are all pretty much going nowhere right now. That's fine. Those markets have been on a tear.

But it was a huge night in Asia.

Chinese stocks rallied 1.4% on the back of a decent GDP report, which saw Q4 growth hit 7.9%, slightly above expectations.

And the ongoing Yen depreciation show in Japan caused the Nikkei to jump 2.8%, one of its biggest session gains in a long time.

Hong Kong also gained 1.12%.