Asian markets correct part of yesterday's losses

China's property market cooling measures scared investors, provoking a selloff in plenty of Asian equity indexes. Today, the market bought the cheaper indexes: China's Shanghai Composite (+2.33%), South Korea's Kospi (+0.17%), Hong Kong's Hang Seng (+0.46%). Chinese Premier Wen Jiabao announced a 7.5% growth target for 2013 at China’s National People’s Congress that kicked off today. Japan's Nikkei Stock Average continues edging higher (+0.27%) on hopes of news from the BoJ.

Futures for the German DAX 30 and French CAC 40 are signaling a higher opening by +0.50% ahead of February Markit Services PMI in the Euro countries. Retail Sales in the EMU are due at 10:00 GMT.