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Asia Stocks Rocket; Europe Up at Open

Hang Seng soars, Nikkei closes up after dreadful Monday

By Jason Farago,  Newser Staff

Posted Oct 28, 2008 5:54 AM CDT
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(Newser) – Asian markets posted dramatic gains after a punishing Monday, as investors reacted to favorable moves in the currency markets. In Hong Kong the Hang Seng surged in afternoon trading to close up 14.4%—its biggest one-day gain in 11 years—while in Tokyo the Nikkei ended up 6.5% despite early falls. This morning in London the FTSE opened up as oil giant BP announced impressive third-quarter profits.

A passer-by looks at an electronic stock board in downtown Tokyo, Japan, Tuesday, Oct. 28, 2008. The benchmark Nikkei 225 index fell 67.76 points to 7,095.14 at the end of the morning session.
A passer-by looks at an electronic stock board in downtown Tokyo, Japan, Tuesday, Oct. 28, 2008. The benchmark Nikkei 225 index fell 67.76 points to 7,095.14 at the end of the morning session.   (AP Photo/Itsuo Inouye)
A cameraman shoots a display showing stock prices at a local bank in Hong Kong Tuesday, Oct. 28, 2008. Hong Kong's stock index rebounded 14.4% after plunging 12.7% the previous day.
A cameraman shoots a display showing stock prices at a local bank in Hong Kong Tuesday, Oct. 28, 2008. Hong Kong's stock index rebounded 14.4% after plunging 12.7% the previous day.   (AP Photo/Vincent Yu)
Japan's benchmark stock index has closed 6.41% higher after hitting a 26-year-low.
Japan's benchmark stock index has closed 6.41% higher after hitting a 26-year-low.   (AP Photo/Katsumi Kasahara)
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BP profits soar 148%, but motorists aren't happy
Guardian (UK)

Not out of the woods, but we're getting there
Times (UK)

Money • World

 
Nikkei • Hang Seng • Asian markets • European markets • FTSE

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