Asian stocks move up

In the overnight markets, Asian stocks moved to the upside. They were able to watch the president's speech on Bloomberg TV & CNBC-Asia. After the Shanghai market dropped 7.2% yesterday, it is rebounding 1% tonight. China estimates that problems from power shortage due to a shortage of coal has cost the economy $3B. Higher markets in Asia are counting on a minimum 50 point cut in interest rates at the FED meeting tomorrow.