ZHANG:
Asia stocks rose ahead of a vote on a $920 billion U.S. stimulus package, looking to turn around the global economy.
Japan's Softbank was among the biggest boosts to the Nikkei. It reported a rise in quarterly profit and kept its earnings forecast.
Toyota ended higher despite ratings agency Moody's Investors cutting its credit rating and its forecast of $5 billion operating loss.
After Australia's central bank lowered its key interest rate by one percentage point to a record low earlier this week, the bank predicted the economy would barely grow this year, pushing unemployment higher and pulling inflation and the local currency lower
Link to this comment:
All Comments (0)