Asian Stocks Buoyed By U.S. Promise On Bank Support

Asian markets gained on Wednesday amidst global bullish sentiment that followed renewed assurances from the U.S. government on support amidst the banking crisis. Markets in the meanwhile are expecting the Fed to settle for a 25-basis point rate hike later in the day.

China's Shanghai Composite Index rose 0.3 percent to 3,265.75. The day's trading ranged between 3,255.74 and 3,279.39. The Shenzhen Component Index gained 69.68 points or 0.6 percent to close at 11,497.10.

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by RTTNews Staff Writer

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