Hopes for further Fed stimulus lift Asian shares

06/27/2013 | MarketWatch

With the exception of Chinese markets, Asian shares soared Thursday on expectations that the U.S. Federal Reserve will maintain its quantitative easing in light of steeply lower first-quarter growth figures. The Nikkei jumped 2.96% to 13,213.55, the Kospi surged 2.87% to 1,834.70 and the S&P/ASX advanced 1.68% to 4,811.30 while the Hang Seng managed a 0.50% gain to 20,440.08.

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