Rabu, 12 November 2008

Stocks surge after China stimulus


Markets surge in Tokyo
Japan saw one of Monday's biggest early bounces




Asian markets have risen sharply, a day after China announced a huge investment plan to kick-start its slowing economy.

Stocks leapt in Japan, China and Hong Kong, buoyed by China's efforts to sustain its growth rates, on which many Asian economies depend.

About $586bn (£370bn) is to go into housing, infrastructure and post-earthquake reconstruction in China over the next two years.

Correspondents say the package is a response to falling growth and exports.

Stocks surge after China stimulus

 

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