20 Apr '11, 1am

@AsiaTodayNews Techs and materials lead Asia shares higher: SINGAPORE (Reuters) - Asian stock... - #Singapore #News

@AsiaTodayNews Techs and materials lead Asia shares higher: SINGAPORE (Reuters) - Asian stock... - #Singapore #News

SINGAPORE (Reuters) - Asian stocks rose on Wednesday as strong results from chip maker Intel Corp prompted a rally in tech shares, while renewed strength in metals prices boosted materials companies and also lifted the commodity-linked Australian dollar. Gains in U.S. and European shares on solid corporate earnings helped soothe market sentiment , which had been roiled at the start of the week when rating agency S&P warned it could cut the United States' sovereign credit rating and as speculation intensified that Greece would need to restructure its debt. "We have seen a little bounce, not a big bounce," said Austock Group senior client adviser Michael Heffernan. "All guns are blazing at the moment in the right direction and there is very little blood on the floor." The euro bounced off two-week low, with business activity data from France and Germany supporting expectatio...

Full article: http://sg.news.yahoo.com/world-stocks-fresh-highs-oil-ris...

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