Comment on Asia equity rally continues after Fed rate pledge

Asia equity rally continues after Fed rate pledge

SEOUL, South Korea (AP) — Asian stocks rallied for a second day Friday after the Federal Reserve's reassurance it was in no hurry to hike interest rates. [...] shares of Sony Corp. dropped as a hacking scandal rocked its American movies unit. THE QUOTE: "The momentum from yesterday's Fed announcement has continued to resonate through global markets," said Stan Shamu, a market strategist at IG. The studio's reputation is in tatters as embarrassing revelations spill from tens of thousands of leaked emails that could damage its relationships with stars and give other studios an advantage. American investigators have linked North Korea to the hack of the Hollywood company and Sony Pictures cancelled the release of "The Interview," a movie that spoofs an assassination of North Korean leader Kim Jong Un.

 

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