Share markets surge on stimulus deals
09-12-2008
US shares echoed gains in stock markets around the world on hopes that new stimulus plans will revive global economic growth. The Dow Jones index was up 298 points or 3.5% in afternoon trading in New York. London's FTSE 100 ended up 6.2%, while Germany's Dax added 7.6%, and France's Cac finished up 8.7%. Earlier, stock markets around Asia also raced ahead. In Hong Kong, the Hang Seng Index closed at 15,044 - up more than eight and a half percent. Francis Lun, from Fulbright Securities, said the local rebound was sparked by hopes of further measures to boost China's economy.
