Asian markets extend gains after Fed statement

[Wireless News]

http://l.yimg.com/bt/api/res/1.2/zpTgYxHlEiZ57C7a1wsMvw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/afp.com/5549db6b4ac870d5124c93d499948c4a8badae2e.jpg (http://news.yahoo.com/asian-markets-extend-gains-fed-statement-034111022--finance.html)Asian markets rallied for a second straight session on Friday, boosted by another strong performance on Wall Street while renewed confidence helped push the dollar back towards the 100 yen mark Tokyo jumped 2.39 percent, or 411.35 points, to 17,621.40 thanks to the weaker yen, while Sydney climbed 2.45 percent, or 127.8 points, to close at 5,338.6 and Seoul advanced 1.71 percent, or 32.48 points, to 1,929.98. Global markets tanked at the start of the week on fears about the global economy as oil prices plunged and crude exporter Russia was also hammered by Western sanctions over Ukraine. On Wall Street the Dow surged 2.43 percent, the S&P 500 shot up 2.40 percent -- the first time since 2002 the index has risen more than two percent on successive days -- and the Nasdaq gained 2.24 percent. The Fed's stance brought relief to emerging markets, which have seen huge capital outflows as traders return to the United States in expectation of better returns.



More... (http://news.yahoo.com/asian-markets-extend-gains-fed-statement-034111022--finance.html)