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Asian Stocks End Higher; Kospi Soars 12.5%

Stock quotes in this article: TM , SNE , ALU , UN  

Updated from 5:02 a.m. EDT

Asian stocks closed higher Thursday, with South Korea leading the way with an increase of 12.5%, after a number of countries in the region followed the U.S. in cutting interest rates.

Hong Kong, Taiwan and China slashed rates, and Japan is reportedly expected to do the same on Friday.

The Federal Reserve slashed a key lending rate to 1% on Wednesday, and also announced four new swap currency lines of $30 billion each with South Korea, Singapore, Brazil and Mexico. ...

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Dow Jones S&P 500 NASDAQ 10-Year Note
10,270.78 1,087.28 2,164.57 34.38
Oil *
72.21
DOWN
15.19
DOWN
4.65
DOWN
8.42
UP
0.46
10 Yr
3.44%
SPDR Gold
109.84
-0.15%
-0.43%
-0.39%
+1.36%
Data delayed 20 minutes

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