Asian shares gain, count on Fed's support

Jul 15, 2014, 2:33 AM EDT
Pedestrians walk past a quotation board displaying the Nikkei key index of the Tokyo Stock Exchange (TSE) in front of a securities company in Tokyo on October 1, 2013.
AFP/Getty Images

Asian shares rose on Tuesday after Citigroup's earnings and a fresh round of merger and acquisition activity in the U.S. healthcare sector lifted global stock prices. Yet, with elevated prices on Wall Street and elsewhere relying substantially on support from low interest rates, many investors were now focusing on Federal Reserve Chair Janet Yellen's testimony to a U.S. Senate committee.
Background:
Asian shares gain, count on Fed's support [Reuters]
Asian stocks climb before Yellen; won retreats with corn [Bloomberg]

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