(Bloomberg) -- Asian stocks rose to a record, led by
BHP Billiton Ltd. and Sony Corp., after the U.S. Federal Reserve's
prediction that growth will pick up in the world's biggest economy
helped investors shrug off a tumble in Chinese shares.
``The U.S. economy is posing less of a risk to markets than
before,'' said Kim Woo Sik, who manages $210 million at SH Asset
Management Co. in Seoul. ``China's fall wasn't because of
fundamental problems with its economy, so the impact is pretty
much contained within its borders.''
Read more at Bloomberg Stocks News
BHP Billiton Ltd. and Sony Corp., after the U.S. Federal Reserve's
prediction that growth will pick up in the world's biggest economy
helped investors shrug off a tumble in Chinese shares.
``The U.S. economy is posing less of a risk to markets than
before,'' said Kim Woo Sik, who manages $210 million at SH Asset
Management Co. in Seoul. ``China's fall wasn't because of
fundamental problems with its economy, so the impact is pretty
much contained within its borders.''
Read more at Bloomberg Stocks News
No comments:
Post a Comment