Asian stocks rally early on Wall Street gains
Associated Press, Tokyo | Fri, 11/05/2010 9:00 AM
Asian stock markets rallied in early trading Friday after
U.S. shares closed at their highest level since just before Lehman Brothers
collapsed in 2008, with investors cheering the Federal Reserve's latest
economy-boosting measures.
Japan's benchmark Nikkei 225 stock index jumped 234.08
points, or 2.5 percent, to 9,592.86.
South Korea's Kospi added 0.5 percent to 1,952.66.
Australia's S&P/ASX 200 gained 1.1 percent to 4,872.50.
In New York, the Dow Jones industrial average surged 219
points, or 1.9 percent, to close at 11,434.84 on Thursday, the highest closing
level since just before Lehman Brothers went under in September 2008.
Investors applauded the Federal Reserve's decision Wednesday
to pump in another $600 billion into the U.S. economy in a bid to spur growth.
They are also focusing on Friday's release of the closely watched U.S. job
report for October.
