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WN.com - Asia News
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Asia stocks up slightly despite US superstorm
Oct 30th 2012, 05:36

BANGKOK - Asian stock markets treaded upward Tuesday, kept afloat by expectations that Japan's central bank will announce action to help the country break out of its economic slump. But trading was subdued as a massive storm crippled New York and much of the U.S. Northeast. With much of New York's Financial District in a mandatory evacuation zone due to the storm, traders were focusing on the Bank of Japan, whose monetary policy committee was expected to announce steps to stimulate the economy following a meeting, possibly an expansion of its asset-purchase program. Japan's economy has been hobbled by weakness in its turbocharged export sector, which has been hit hard by a slowdown in demand...

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