Fed Minutes Spark Record Stock Moves

from National Public Radio

Stocks across Asia rallied after Wall Street set new records. Markets in China, South Korea, Australia and elsewhere climbed to all-time highs. The U.S. spike was prompted by the release of minutes from the Federal Reserve's Sept. 18 meeting, when it cut interest rates by half a percentage point.

Broadcast Dates

• Morning Edition, October 10, 2007