Asian shares advance from the lowest level in three months

Source: Bloomberg
© Scanpix/Reuters
Asia's benchmark share index advanced, after retreating for three days in a row, as the Fed is likely to continue its stimulus programme. Japan's stocks rose the most in approximately four weeks. The MSCI Asia Pacific Index gained 1% to 134.82 at 3:25 p.m. Tokyo time after its yesterday closing at the lowest level in three months. Japan's Topix jumped 2.6%, while Hong Kong's Hang Seng Index surged 0.1%.
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Tue, 04 Jun 2013 08:41:02 GMT

U.S. shares gain after Fed official statement

U.S. shares advanced, with the Standard & Poor's 500 Index reversing the earlier declines, after the Atlanta Fed's President Dennis Lockhart said the central bank is committed to its stimulus. The S&P 500 advanced 0.6% to 1,640.42 as of 4 p.m. in New York, while the Dow gained 138.46 points to 15,254.03. The S&P 500 dropped 1.1% previous week.

Tue, 04 Jun 2013 07:19:45 GMT

Greenback below 100 Yen for first time in almost a month

The U.S. Dollar fell below 100 Yen, attaining the lowest level in near a month amid worries that the Fed will reduce its stimulus. The greenback rose 0.3% to 99.81 Yen as of 6:05 a.m. London time, this four-day 2.8% gain versus the U.S. Dollar was the biggest since May 9, while the Dollar Index touched a near one-month low

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