G20 Hopes Send World Stocks Soaring

Hang Seng has best day in 4 months, Europe rallies
By Jason Farago,  Newser Staff
Posted Apr 2, 2009 4:50 AM CDT
A man walks past a brokerage's electric stock prices board in Tokyo today. The benchmark Nikkei 225 stock average rose 4.4%.   (AP Photo/Koji Sasahara})
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(Newser) – Asian stocks soared and European exchanges opened strong, reports the Wall Street Journal, as investors expressed optimism for a G20 deal and prepared for a probable 50-point rate cut by the European Central Bank. The Hang Seng in Hong Kong rocketed 7.4%, its best day in four months, while in Tokyo the Nikkei closed up 4.4%. By mid-morning the main bourses in London, Paris and Frankfurt had all advanced by more than 3%.