Asian stock markets have risen on Thursday following comments by Federal Reserve Chairman Ben Bernanke that highly accommodative monetary policy will be needed to boost the economy in the near future.

The share markets also stabilized in the foreign exchange market boosting Asian shares. Financial markets had recently fallen on concerns that the Federal Reserve might start rolling back its $85 billion a month bond-buying programme within this year. The remarks by the chairman convinced investors to reconsider the risk position of an early roll back of the Fed's programme.

The remarks also helped cut dollar positions and increased positions and sent US Treasuries prices higher in the markets. Treasuries rose 10-year futures contracts to its biggest rise in 15 months. The ten-year futures contracts for September delivery rose 29/32, or $9.06 per $1,000 face amount, to 126 6/32 as of 10:09 am following the remarks by the chairman.

The benchmark 10-year yields fell four basis points, or 0.04 percentage point, to 2.58 per cent, according to the data released Bloomberg Bond Trader. The price of the 1.75 per cent note due in May 2023 rose 12/32 to 92 26/32 and yield rose 2.75 per cent this week.