Asian markets have rallied smartly following the 75 basis points rate cut by the US Federal Reserve.The Hang Seng has rallied 1,452 points (6.8%) to 23,209. The Nikkei has surged 421 points (3.3%) to 12,994.The Straits Times index has advanced 79 points (2.8%) to 2,946, and the Seoul Composite index has added 22 points (1.3%) to 1,631. The Shanghai Composite index has gained 90 points (2%) to 4,650.The Taiwan Weighted index, however, slipped 37 points 7,545.
