Market Report - Asian Shares Gain as Dollar Peaks
- 14 years ago
In today’s market report… Asian shares were up on hopes of upbeat earnings.
Gains in Asian exporters were sparked by the U.S. dollar's move to a 6-month peak, after the Federal Reserve appeared more confident of recovery. U.S. stock futures, meanwhile, rose after U.S. President Barack Obama appeared to take a more moderate stance towards banks in Wednesday’s State of the Union address.
In Asia, exporters like Japan's Honda Motor led gainers, ending a four-day losing streak and a 5-percent decline.
In Hong Kong, banks like China Construction and Bank of China recovered after a recent bruising.
And Taiwan stocks saw the best percentage gain in three months.
Gains in Asian exporters were sparked by the U.S. dollar's move to a 6-month peak, after the Federal Reserve appeared more confident of recovery. U.S. stock futures, meanwhile, rose after U.S. President Barack Obama appeared to take a more moderate stance towards banks in Wednesday’s State of the Union address.
In Asia, exporters like Japan's Honda Motor led gainers, ending a four-day losing streak and a 5-percent decline.
In Hong Kong, banks like China Construction and Bank of China recovered after a recent bruising.
And Taiwan stocks saw the best percentage gain in three months.