Tuesday 9 August 2011

Asian stock markets jump on Fed's low rates pledge (AP)

A monitor screen flashes a U.S. dollar-Japanese yen exchange rate, above, and the Nikkei stock average at a foreign exchange firm in central Tokyo on Wednesday Aug. 10, 2011. Asian stock markets jumped Wednesday following a surge on Wall Street prompted by an unprecedented pledge from the U.S. Federal Reserve to keep interest rates super low for the next two years. (AP Photo/Kyodo News) JAPAN OUT, MANDATORY CREDIT, NO LICENSING IN CHINA, FRANCE, HONG KONG, JAPAN AND SOUTH KOREAAP - Asian stock markets jumped Wednesday following a surge on Wall Street triggered by a Federal Reserve pledge to keep interest rates super low for the next two years to help the ailing U.S. economy.



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