SEOUL, South Korea (AP) - Asian stock markets mostly rose today after the Federal Reserve chief played down risks from the U.S. central bank's low interest rate policies, offsetting worries that Italy's indecisive election result will rekindle Europe's debt crisis.
In testimony to Congress on Tuesday, Federal Reserve Chairman Ben Bernanke expressed confidence that the central bank's low-rate policies currently pose little risk of causing runaway inflation or a stock market bubble. That eased recent jitters the Fed would start to withdraw its super easy monetary policy.
U.S. economic indicators also gave Asian markets a lift.
The dollar was little changed against the euro but slipped against the yen.
Benchmark crude oil rose but remained below $93 a barrel.
First Coast News