Sunday, January 4, 2009

World stocks cheer in new-year

NEW YORK: Global stocks was seen skyrocketing at the onset of the new-year, as investors seemed bolstered and went on brisk trading. At the end of the first trading week of 2009 amid investor hopes for a brighter year ahead after a horrendous 2008 that hacked down stock markets around the world, Dow Jones and Nasdaq surged by over 6 percent and Dow Jones breached 9000 marks. Besides, Hong Kong’s Hang Seng and India’s BSC Sensix-30 rose by 6.83 percent and 6.8 percent respectively. Japan’s Nekkie-225 increased by 1.52 percent, however, China’s Shangjai index went down by 1.35 percent. European markets also remained upbeat, as Europe’s largest economy Germany’s Dex and France’s KCAC-40 surged by 6.7 percent, while Britain’s Fortse index up by 8.18 percent topped the list.

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