Asian Stocks Rise; Fed Chairman Backs More Stimulus; Bernanke: Credit Crunch Is 'Hitting Home'; Global Market Outlook; Asian Stocks Strategy

Asian stocks rise as government policies provide Market support; Fed chairman backs more stimulus...  More »

Asian stocks rise as government policies provide Market support; Fed chairman backs more stimulus, citing 'weak' outlook; Bernanke says credit crunch is 'hitting home'; Global Market Outlook: Credit conditions still fragile despite capital injections, de-leveraging is causing liquidity in markets to shrink and expects a hard landing for the global economy; Asian Stocks Strategy: Expect earnings to be further revised down, recommends Asian Telecoms stocks due to high visibility, valuations and avoid deep cyclicals, consumer ex-staple goods shared; Analysis by Sean Darby, Nomura Intl. Head of Asia Strategist  « Less