This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Asia Stocks Rise After US Fed Stays The Course

The prevailing uncertainty over Cyprus and the bleak economic backdrop weighed on the euro, which was trading 0.2 percent lower at $1.2900 and near its lowest level against the dollar in 2013.

U.S. stocks were also feeling the pressure, with the Dow Jones industrial average down 0.4 percent at 14,456 and the broader S&P 500 index the same rate lower at 1,552. Solid weekly jobless claims and existing home sales figures did little to inspire buying.

Earlier in Asia, Japan's Nikkei 225 index surged 1.3 percent to 12,635.69, its highest close since September 2008. South Korea's Kospi slipped 0.4 percent to 1,950.82 while Hong Kong's Hang Seng ended 0.1 percent down at 22,225.88.

Oil prices drifted lower too with the benchmark New York rate down 73 cents to $92.77 per barrel.

Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs