Asian stocks up after Fed chief speech (AP)

By admin on August 29th, 2011

A man pedals through a flooded street in the Red Hook section of Brooklyn, New York, Sunday, Aug. 28, 2011. Seawater surged into the streets of Manhattan on Sunday as Tropical Storm Irene slammed into New York, downgraded from a hurricane but still unleashing furious wind and rain. The flooding threatened Wall Street and the heart of the global financial network. (AP Photo/Seth Wenig)AP – Asian stock markets rose in early trading Monday, after Federal Reserve chief Ben Bernanke’s prediction of long-term economic growth for the U.S. helped fuel a Wall Street rebound.


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