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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: Tokyo shares open higher after US rate cut AFP - 38 minutes ago TOKYO (AFP) - - Tokyo stocks opened higher on Wednesday after Wall Street rallied on a drastic interest rate cut by the Federal Reserve to near zero. The key Nikkei-225 index gained 149.33 points, or 1.74 percent, to 8,717.35 in the first 15 minutes of trading. The Dow Jones Industrial Average leapt 4.20 percent on Tuesday as the key Wall Street barometer reacted to the aggressive rate cut aimed at reviving an economy in the worst recession in decades. The Fed surprised markets with a bigger-than-expected cut in its base lending rate, establishing a range of zero to 0.25 percent, from one percent. The Fed also signalled it would buy large quantities of debt and securities in a bid to flood the financial system with money and force borrowing costs lower. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Business Japan Hot Stocks-Banks, HondaReuters - 19 minutes ago Australian skilled vacancies fall 15.9 pct in DecReuters - 19 minutes ago Japan MOF Shinohara: Fed rate cut was boldReuters - 21 minutes ago Korea Hot Stocks-Ssangyong Motor down on production haltReuters - 23 minutes ago Honda shares dive ahead of possible profit warningReuters - 25 minutes ago Enlarge Photo Tokyo shares open higher after US rate cut Most Popular – Business Viewed Bush laughs off Iraq flying shoes drama Arabs hail shoe attack as Bush's farewell gift Pressure mounts on US regulators over Madoff pyramid scam Oil falls after brief surge above 50 dollars Actress Jennifer Aniston appears naked in GQ magazine View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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