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FEB 25, 2014 - Yahoo! News

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Asia stocks bounce as merger frenzy spurs Wall Street

By Wayne Cole SYDNEY (Reuters) - Asian share markets regained some altitude on Tuesday courtesy of a tailwind from Wall Street which sped to historic highs amid more mergers buzz, while gold consolidated its recent rally. The upbeat mood among investors in the United States and Europe at least helped steady markets in China after talk of credit tightening knocked property shares . MSCI's broadest index of Asia-Pacific shares outside Japan added 0.5 percent, while Seoul gained 0.7 percent. Australia's market briefly hit its highest since mid-2008 on a run of solid earnings reports. ... Read More

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