Asian Shares Surge, Europe Opens Up

Taiwan leads regional exchanges sharply higher
By Jason Farago,  Newser Staff
Posted Apr 30, 2009 4:34 AM CDT
People watch an electric market board in Tokyo today. The benchmark Nikkei 225 stock average gained 4% as markets around Asia performed well.   (AP Photo/Katsumi Kasahara)
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(Newser) – Asian shares jumped today and European markets opened strongly, as good political and economic news encouraged investors. The Taiwan Stock Exchange rocketed 6.8% amid talk that mainland Chinese investors will be allowed to invest in the market, while in Tokyo the Nikkei closed up 4%. In London the FTSE opened up 1.2%, with banks leading advances. The Royal Bank of Scotland rose 10% after a report suggested the effectively nationalized bank would turn a profit this year.