Pro-stimulus Yellen testimony cheers Asia stocks

November 15, 2013 • Business

A man walks past tree branches which partially covers a billboard which reads: “China Dream is My Dream,” in Beijing, China Thursday, Nov. 14, 2013. Asian stock markets bounced higher Thursday after prepared testimony for the confirmation hearing of incoming Federal Reserve chief suggested the U.S. central bank won’t reduce its economic stimulus until March next year or later. China’s Shanghai Composite rose 0.5 percent to 2,097.38 and Hong Kong’s Hang Seng gained 0.9 percent to 22,660.44. (AP Photo/Andy Wong)

BANGKOK (AP) — Asian stock markets were boosted for a second day Friday by the incoming Federal Reserve chief’s support for continued massive stimulus to aid the U.S. economic recovery.

Janet Yellen, who is slated to replace Ben Bernanke as Fed chief early next Login to read more

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