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Asian Stocks Track US Higher as Yen Slips

ABC News Wednesday 15th January, 2014

Asian stocks advanced Thursday after a key U.S. benchmark climbed to a new high on strong earnings and economic data. Regional investors were reassured after the S&P 500 closed at its highest level yet, squeaking past its previous record set less than a month ago. The rally was helped along by Bank of America, the country's No. 2 bank, reporting that quarterly profits quadrupled. A Federal Reserve survey that showed economic growth remained healthy also bolstered sentiment, as did optimistic comments about the state of the global economy by the World Bank and the head of the International ...


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