Following the US market uptick on Friday, together with optimism on tech industries and manufacturing, Asian stocks surged through critical levels today.

Basing predictions on one day of trading is clearly inadvisable but added to the feeling of substance in Asian trends in the past few weeks, there are a few predicting that an Asian economic recovery may not be illusory. Even the laggard Japan market, which usually with the US markets has a major affect on smaller Asian bourses, is at 4pm Tokyo time showing a rise of almost 6% on the day. Hong Kong's Hang Seng index is up 2.5%, Australia 2%, Seoul almost 2%, Taiwan 3%, Thailand over 2%, Malaysia up .5%, Manila 1% and Singapore around 4%.

International commentators are taking notice of the strength of the Asia rebound following first evidence of a global - at least a North American economic recovery. And interestingly the biggest beneficiaries are the countries with a high dependence on tech - South Korea, Taiwan, and to a lesser extent Japan and Singapore.

Record levels for the past year were recorded in Japan and Thailand.

Asian centers may well be looking at an increased interest in foreign investment, after a general view that profit potential in traditional Western markets may be slower.

Beware the second bubble in all your champagne glasses though. It looks good for continuing recovery and maybe even better competitiveness in the short term at least. And yes, the bears of the Asian business community may be slowly stirring and getting back into action - emerging from a long hard winter.