INQUIRER.net: Asian markets up on Fed stand, strong yen hits Tokyo

INQUIRER.net Philippine News for Filipinos

Asian markets up on Fed stand, strong yen hits Tokyo Feb 27th 2013, 03:22 HONG KONG -- Asian markets mostly rose on Wednesday after US Federal Reserve head Ben Bernanke reaffirmed the central bank's huge monetary easing scheme, but a stronger yen sent Tokyo lower. Investors remained hesitant and the euro came under pressure after Italy's election results which left no party in overall control, raising concerns that uncertainty in Rome could see the eurozone return to the dark days of crisis. Tokyo fell 0.78 percent by noon but Hong Kong rose 0.44 percent, Sydney added 0.64 percent, Shanghai climbed 1.14 percent and Seoul was 0.18 percent higher. In testimony to Congress Bernanke said the Fed's $85 billion a month bond-purchase programme aimed at h... Keep on reading: Asian markets up on Fed stand, strong yen hits Tokyo Media files: asian-Markets-Japan4.jpg (image/jpeg)

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