Skip to main content
REBOUND

Asian Stocks Open High

But investors still want gold and Swiss francs backup.

cheats/2011/08/09/asian-stocks-open-high/asian-markets-rebound-cs_m92lme

Eugene Hoshiko / AP Photo

Get ready for another wild ride in the worldwide markets. The Asian stock markets bounced back Wednesday upon opening after the U.S. Dow Jones Industrial Average closed 430 points up and Federal Reserve announced interest rates will stay near zero for two years. But investors still were wary even after the U.S. Central Bank’s move, and demanded safe havens for gold and the neutral Swiss franc. The Asian FTSE, which measures markets across Asia, jumped 2.7 percent in the opening hours, and the benchmark Japanese company Nikkei was up 1.8 percent. Other stocks such as Otsuka, Samsung Electronics, BHP Billiton and Rio Tinto were all up.

Read it at CNBC

TRENDING NOW