Shares rise slightly after Bernanke comments

  • Published
Man walking past electronic stock board in Tokyo
Image caption,
Mr Bernanke's comments have eased investor concerns

Shares have edged higher after Ben Bernanke said he was hopeful the US would not fall back into a double-dip recession.

Following the comments overnight by the chairman of the US Federal Reserve, Japan's main Nikkei index ended up 0.2% or 17 points.

On Monday, the Nikkei had plunged 4%, its biggest one-day fall for 14 months.

In Europe, the UK's FTSE 100 was up 0.2% in initial trading, while Germany's Dax had added 0.1%.

However, France's Cac extended losses, down 1.2%.

In Asia, Hong Kong's Hang Seng index climbed 0.4%, while Australian shares advanced 0.9%.

Shares in Shanghai, South Korea, Taiwan and Singapore had also risen.

"My best guess is we will have a continued recovery, but it won't feel terrific," said Mr Bernanke.

His comments came after Wall Street's main Dow Jones index ended Monday down 1.2%.

Japanese market analysts said shares in the country were also lifted by investors picking up bargains following Monday's big declines.