Asian markets rally after Yellen’s testifies and OPEC meeting, gold and silver higher

Asian indices were trading on a higher note on Thursday as markets concluded Yellen’s testifies and OPEC meeting in a positive note. According to the Yellen’s testifies, there is a still possibility of rate hike by Fed in November. On the other side, OPEC surprised the markets by announcing to curb the oil output.  Gold was trading around $1,324 and silver was trading around $19.24 marks.

Japan’s Nikkei was trading around 1.31 percent higher at 16,681.24 points.

South Korea’s Kospi was trading around 0.83 percent higher at 2,070.11 points.

Shanghai composite index to open up 0.1 pct at 2,992.17 points and China's CSI300 index to open up 0.1 pct at 3,234.86 points.

Hong Kong's Hang Seng was trading 0.42 percent higher at 23,719.24 points.

Australia's S&P/ASX 200 was trading 1.02 percent higher at 5,466.10 points.