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View the article online at http://citywire.co.uk/wealth-manager/article/a724998

Overnight Markets: US stocks surge after Fed trims stimulus

by Himanshu Singh on Dec 19, 2013 at 03:51

The MSCI Asia Pacific Index advanced 0.5% to 139 as of 11:14 a.m. in Tokyo. Japan’s Topix index rose 1% and the Nikkei 225 climbed 1.6% as the yen touched the lowest intraday level since October 2008.

Australia’s S&P/ASX 200 Index jumped 1.6%. New Zealand’s NZX 50 Index gained 0.5% and South Korea’s Kospi index increased 0.6%. Hong Kong’s Hang Seng Index advanced 0.7%, while China’s Shanghai Composite Index gained 0.1%. Taiwan’s Taiex index added 0.6% and Singapore’s Straits Time Index increased 0.5%.

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