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View the article online at http://citywire.co.uk/wealth-manager/article/a733588

Overnight Markets: US stocks extend rally on debt ceiling relief

by Himanshu Singh on Feb 12, 2014 at 02:54

In Asia, shares gained on Wednesday in late morning session as data from China and comments by US Fed chief Yellen boosted optimism about the world’s two biggest economies.

The MSCI Asia Pacific Index added 0.9% to 136 at 11:16 a.m. in Tokyo. Hong Kong’s Hang Seng Index climbed 0.7%. Japan’s Topix index jumped 1.6% as it reopened from a holiday, South Korea’s Kospi index added 0.4%. Australia’s S&P/ASX 200 Index and New Zealand’s NZX 50 Index both gained 0.6%. China’s Shanghai Composite Index slipped 0.2%.

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