Asian stocks rose, with the benchmark regional index on course for its biggest gain in a year, after the US Federal Reserve unexpectedly refrained from cutting economic stimulus measures in America.
A couple watches the electronic stock board of a securities firm in Tokyo, Thursday, Sept 19, 2013. The Nikkei 225 closed up 260.82 points, or 1.80%, at 14,766.18 Thursday, as Asian stock markets surged after the US Federal Reserve unexpectedly refrained from reducing its massive economic stimulus programme. (AP Photo)
The MSCI Asia Pacific Index climbed 2.2% to 141.83 as of 4.14pm in Hong Kong, poised for the highest close since May 22 and biggest daily advance since Sept 7, 2012. All 10 industry groups on the gauge increased. Markets in mainland China, South Korea, Taiwan and Sri Lanka are closed for holidays. Standard & Poor’s 500 Index futures added 0.3% after the gauge climbed to a record in New York on Wednesday night.
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.