Market Report - Asia Techs Up

Today Asian technology firms and companies involved in mergers and acquisition rose, following U.S. peers higher after strong results from software maker Oracle. The Federal Reserve's decision to keep monetary policy steady offered no surprises, but reinforced the idea of record low rates for a while. The Nikkei gained with banks Aozora and Shinsei higher on news they were in merger talks to create the nation's sixth largest institution. Mitsubishi Electric jumped after a newspaper report saying it planned to build solar power generation plants in the U.S. and Europe using panels shipped from Japan. World No. 4 Sharp rose after saying it may appeal a U.S. trade panel ruling saying it had violated an LCD patent of South Korean giant Samsung Electronics. Samsung and Seoul's KOSPI index also were broadly higher in the regional rally. And Shares of Sinopec rose after China's largest oil refiner agreed to buy Swiss oil explorer Addax Petroleum for $7.24 billion.

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