A diminished prospect of sharp tapering by the U.S. Federal Reserve boosted Asian markets Monday with news that former U.S. Treasury Secretary Lawrence Summers will not seek to lead the Fed. Japan's Nikkei 225 added 0.12% to 14,404.67, Hong Kong's Hang Seng Index rose 1.47% to 23,252.41, South Korea's Kospi gained 0.96% to 2,013.37 and Australia's S&P/ASX 200 was up 0.54% at 5,248.

Full Story:

Related Summaries