Monday, June 14, 2010

20100614 1602 Global Market News.

Asia stocks at 1-mth high; euro rebounds
HONG KONG, June 14 (Reuters) - Asian stocks rose to a one-month high, led by a rally in the technology sector, while the euro rebounded in thin trade, squeezed higher by dealers forced to close bets against the currency.
"We're seeing pretty active short-covering on a sense that recent risk avoidance moves were exaggerated, leaving markets oversold," said Takashi Ushio, head of the investment strategy division at Marusan Securities in Tokyo.

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