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
G20 Hopes Send World Stocks Soaring
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})

(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%.
(Read more G20 stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
X
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.

X