Asian stocks open positive

Asian stocks advanced after Aioi Insurance and Mitsui Sumitomo Insurance Group Holdings reported higher profits.

Aioi rose more than 3% and Mitsui Sumitomo rose more than 1.5% in Tokyo.

Japanese benchmark index Nikkei rose 31.77 points, or 0.30%, to trade at 10,556.03.

Hong Kong`s Hang Seng index fell 154.55 points, or 0.74%, to trade at 20,774.97.

China`s Shanghai Composite increased 8.06 points, or 0.25% to trade at 3,257.82.

Taiwan`s Taiex index gained 16.59 points, or 0.24%, to trade at 6,866.28.

South Korea`s Kospi index trading flat at 1,576.11.

Singapore`s Straits Times advanced 29.20 points, or 1.15%, to trade at 2,578.55. (7.40 a.m., IST)