Regional stocks lifted by US rally
11-03-2009
A board shows the final numbers on the Dow Jones Industrial Average. Photo: Reuters.
Regional markets have rebounded after US stocks recorded their best day in four months. The Hang Seng Index in Hong Kong closed nearly 3 percent higher in morning trading, while the Nikkei Index in Tokyo gained 4 percent. Wall Street was boosted by the news that Citigroup was profitable in the first two months of 2009. The Dow Jones Industrial Average jumped 5.8 percent and the Nasdaq was up 7 percent. Citigroup's chief executive Vikram Pandit said the company was having its "best quarter-to-date performance since the third quarter of 2007."
