Stocks Rally in Asia; U.S. Equity Futures Drop: Markets Wrap

(Bloomberg) — Stocks in Asia rallied after the best session for U.S. stocks in almost a dozen years, with investors rediscovering some appetite for risk as Congress negotiates an emergency-spending bill. U.S. equity futures declined, showing a reluctance to build on Tuesday’s gains.Japan equities opened about 3% higher, while Australian and South Korean shares bounced about 5%, with Asia-Pacific stocks heading for a second day of gains. S&P 500 futures retreated after the index soared more than 9% — the biggest one-day gain since October 2008. The dollar added to declines against developed and emerging currencies alike, in a tentative …read more

Source:: Yahoo Finance

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