Australian Infrastructure Fund looks to benefit from AUD4.7b government infrastructure investments

Asian markets rebounded on 15-Dec-08, led by Japanese stocks, as investors brushed aside a survey showing business confidence plunged, on hopes for a US interest-rate cut and after the Bush administration stated it would step in to prevent a failure of US car industry. The Nikkei surged 428.79 points (+5.21%) to 8664.66, while Hong Kong's Hang Seng Index rose 288.56 (+1.96%) to 15046.95. The Australian share market also closed stronger, driven higher by resource stocks following commodity price rises over the weekend. The benchmark S&P/ASX200 index was up 81 points (+2.31%) to 3591.4.