Asian stocks are up

Exporters of Cars, Electronics have led the Asian stock market to take an upswing in its trading session. Japanese and South-Korean Automakers increased their sales in U.S and dollar is advancing. Asian Carmakers have outsold the three biggest U.S manufacturers for the first time and this has made the Honda Motors increase its share-value to six-months high in Tokyo. Sony Corp also advanced when Federal Reserve chairman Ben signaled that he is done with cutting the interest rates by driving the dollar to a near three-month high against the yen. Bernanke said yesterday interest rates are well positioned to promote growth and stable prices. The central bank is working with the Treasury to monitor foreign-exchange markets and is aware of the effect of the dollar's decline on inflation and price expectations. Sony gets about a quarter of its sales from the Americas while Toyota generates about a third of its sales from North America.