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SUNDAY, NOVEMBER 22, 2009
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G20 Hopes Send World Stocks Soaring

Hang Seng has best day in 4 months, Europe rallies

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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%.

A man walks past a brokerage's electric stock prices board in Tokyo today. The benchmark Nikkei 225 stock average rose 4.4%.
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})
Pedestrians are reflected on a brokerage's electric stock prices board in Tokyo today. The benchmark Nikkei 225 stock average closed up 4.4%.
Pedestrians are reflected on a brokerage's electric stock prices board in Tokyo today. The benchmark Nikkei 225 stock average closed up 4.4%.   (AP Photo/Koji Sasahara})
Men walk past a logo outside the London Stock Exchange. By midmorning the FTSE was up more than 3%.
Men walk past a logo outside the London Stock Exchange. By midmorning the FTSE was up more than 3%.   (AP Photo/Matt Dunham)
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