TOKYO: Asian stocks clawed back some ground in early trade Wednesday after Wall Street rebounded overnight on hopes for a US government rescue for ailing Detroit automakers. Stocks rose 1.0 percent in Tokyo, 1.4 percent in Hong Kong, 1.5 percent in Seoul and 2.2 percent in Sydney, after substantial falls Tuesday. The Dow Jones Industrial Average rallied 270.00 points or 3.31 percent, clawing back from a 679-point loss the previous day. In London, the FTSE 100 closed 1.41 percent higher, while Paris's CAC 40 added 2.35 percent and Frankfurt's DAX jumped 3.12 percent.Wednesday, December 3, 2008
Asian stocks rebound
TOKYO: Asian stocks clawed back some ground in early trade Wednesday after Wall Street rebounded overnight on hopes for a US government rescue for ailing Detroit automakers. Stocks rose 1.0 percent in Tokyo, 1.4 percent in Hong Kong, 1.5 percent in Seoul and 2.2 percent in Sydney, after substantial falls Tuesday. The Dow Jones Industrial Average rallied 270.00 points or 3.31 percent, clawing back from a 679-point loss the previous day. In London, the FTSE 100 closed 1.41 percent higher, while Paris's CAC 40 added 2.35 percent and Frankfurt's DAX jumped 3.12 percent.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment