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US FED CHAIRMAN PICK LIFTS TOKYO STOCKS; BONDS, DOLLAR UNFAZED.
(From Asia Pulse)
TOKYO, Oct 26 Asia Pulse - Tokyo shares reacted favorably Tuesday to the nomination of monetary policy expert Ben Bernanke to succeed Alan Greenspan as U.S. Federal Reserve chairman, but the responses from the bond and foreign exchange markets were muted.
The Nikkei Stock Average staged a sharp rebound to finish at 13,280.62, up 174.44 points from Monday.
The selection of Bernanke, chairman of the White House Council of Economic Advisers, apparently helped to dispel concerns leading up to the selection of Greenspan's successor. The bond and foreign currency markets, however, were less enthusiastic due to the uncertainties …
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