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Market Update

Asian Markets Gain

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Asian markets were higher Wednesday tracking a positive close on Wall Street overnight after reassuring comments from new Fed Chairwoman Janet Yellen that U.S. monetary authorities will keep policy accommodative.

The Nikkei was up 0.7%. The Shanghai Composite edged up 0.1% while the Hang Seng was up 1.1%. The Sensex was flat while the All Ordinaries added 0.9%.

Rouhan Sharma does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.