Author Topic: Asian stocks soar after US rally; Nikkei up 13 pct  (Read 367 times)

Hugo Chavez

  • Getbig V
  • *****
  • Posts: 31866
Asian stocks soar after US rally; Nikkei up 13 pct
« on: October 13, 2008, 09:19:10 PM »
I know I'm not supposed to post this stuff as per Pedro but I don't really give a shit.

HONG KONG - Japan's stock market soared in early trading Tuesday, leading a second-day rally in Asian stocks after Wall Street staged a dramatic comeback from its worst week ever.

ADVERTISEMENT
 
Sparked by global efforts to fix the world's crippled financial system, Tokyo's benchmark Nikkei 225 index jumped 1,079 points, or 13 percent, to 9,355. The Japanese financial markets were playing catch-up because they were closed Monday for a public holiday.

In Australia, the S&P/ASX200 index traded more than 5 percent higher after the government announced plans to inject 10.4 billion Australian dollars ($7.4 billion) to strengthen the country's economy.

Markets in South Korea, Singapore, New Zealand and Taiwan also climbed 5 percent or more.

The advance came after the Dow Jones industrial averages on Monday gained more than 11 percent — its biggest one-day rally since 1933.
http://news.yahoo.com/s/ap/20081014/ap_on_bi_st_ma_re/world_markets

24KT

  • Getbig V
  • *****
  • Posts: 24455
  • Gold Savings Account Rep +1 (310) 409-2244
Re: Asian stocks soar after US rally; Nikkei up 13 pct
« Reply #1 on: October 13, 2008, 10:17:16 PM »
The TSX did diddly squat. We were closed for thanksgiving.
w