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Posted: Wednesday, 04 November 2009 4:59AM

Asian Stocks Rebound



BANGKOK - Asian stocks have rebounded Wednesday after two days of losses. The World Bank upped its growth forecasts for China's economy and stronger commodities prices lifted the region's powerhouse resource companies.

Every major market traded in the green, with Hong Kong, South Korean and Indian shares leading the way with gains of about 2 percent.

Investors' moods were helped by more optimism about China.

Markets have become more choppy in recent days amid growing worries about the scope of the U.S. economic recovery and durability of this year's stock rally. But some analysts say tremendous liquidity brought about by looser government policies around the world could continue to underpin stock prices.

U.S. futures point to a modestly higher open on Wall Street today.

Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
 
 
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