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Asia, Europe Follow US Rally

Nikkei posts biggest gain in 6 weeks

By Jason Farago,  Newser Staff

Posted Mar 11, 2009 6:04 AM CDT

(Newser) – Yesterday's big day on Wall Street sparked a bull run on Asian markets today, with the Nikkei posting its biggest rise in 6 weeks, Reuters reports. The Tokyo exchange surged 4.6% off a 26-year closing low, with Toshiba and other tech stocks leading advances. Markets in Europe opened down but had moved into the black by midmorning, with banks ranging from Barclays to Société Générale up by as much as 10%.

A woman checks out stock price updates on the electronic stock board of a securities firm in Tokyo, Japan, Tuesday, March 10, 2009.
A woman checks out stock price updates on the electronic stock board of a securities firm in Tokyo, Japan, Tuesday, March 10, 2009.   (AP Photo/Itsuo Inouye)
A woman walks in front of an electronic stock board of a securities firm in Tokyo, Japan, Wednesday, March 11, 2009.
A woman walks in front of an electronic stock board of a securities firm in Tokyo, Japan, Wednesday, March 11, 2009.   (AP Photo/Itsuo Inouye)
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COMMENTS
Showing 1 of 1 comment
Robert_Dada
Mar 10, 2009 8:31 PM CDT
Let's not all go sucking each others dicks just yet. This can all erode in a day with more bad news that is undoubtedly on its way.

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