Business Blog Posts

The dollar remained broadly weak after details of the last meeting of the U.S. Federal Reserve suggested the central bank was closer to injecting fresh stimulus into the ailing economy.

Comments by Japan on South Korea's leadership of the forthcoming G20 forum underlined growing currency tensions globally. Finance Minister Yoshihiko Noda questioned Seoul's regular currency market interventions.

Intel (INTC.O), the world's largest chipmaker, raised expectations for higher technology earnings in the fourth quarter by forecasting stronger sales and margins for the period. The outlook was part of its third-quarter earnings reported after the close on Wall Street.

"It's not that Intel's results and outlook were great, but they were modestly better than the market's already lowered expectations," said Lee Min-hee, an analyst at Dongbu Securities in Seoul, where the Korea Composite Stock Price Index .KS11 (KOSPI) was up 0.21 percent.

"It is such relief that is lifting technology stocks. The PC market has been showing signs of improvement since September, and key memory chip prices are expected to stabilize by the end of this year."

Intel shares climbed 1 percent in after-hours trade.

In Asia, shares of Hynix Semiconductor (000660.KS), the world's No. 2 memory chipmaker, rose 3 percent and Elpida Memory (6665.T) gained 0.7 percent.

Expectations that the U.S. Fed is poised to bolster the economy has spurred something of a worldwide equity rally.

U.S. stocks hit a five-month high on Tuesday. The S&P 500 index is up 11.3 percent since the start of September, and last month's performance was one of the best for stocks in a decade.

MSCI's all-country world equity index .MIWD00000PUS has posted a 12.1 percent gain since the beginning of September. The index was up 0.86 percent at 459.03 at 6:15 a.m. ET.

MSCI's Asia ex-Japan index rose 0.8 percent .MIAPJ0000PUS.

Hong Kong's Hang Seng index .HSI was up 0.68 percent while Tokyo's Nikkei .N225 was up 86 percent.

Still, the Nikkei was capped by concerns over the yen's strength. The dollar rose 0.1 percent to 81.87 yen, but was not far away from a 15-year low of 81.37 struck on Monday.

"The market is watching for possible Japanese intervention. But as long as the yen stays strong, the Nikkei will stay under pressure," said Mitsushige Akino, chief fund manager at Ichiyoshi Investment Management.