Asian stocks rise after US rate cut
Most Asian stock markets rose Thursday after another sharp US interest rate cut but Japan's rally aside, gains were modest due to worries that a US economic recession still looms.
Asian stocks inched higher today after a financial sector-driven rally pushed them to one-month highs this week, while US Treasuries edged up on speculation the Federal Reserve may take the unorthodox step of buying government debt to push down interest rates.