BANGKOK (AP) - Asian stock markets were mostly higher today after investor confidence was boosted by a Federal Reserve official's comments that the U.S. central bank should stick with its super-easy monetary policy.
Fed chief Ben Bernanke testifies before a joint congressional committee today.
Regional Fed chief James Bullard said in a speech Tuesday that the Fed should continue its monthly $85 billion in bond purchases, which drives down interest rates and thus encourages lending and spending, to help spur the U.S. economic recovery.
Benchmark crude oil fell below $97 per barrel. The dollar fell against the euro and was little changed against the yen.