After Friday's stock market meltdown, today Stock Market in all international markets opened positively. The reason behind sudden stock surge is may be due to intervention of all major govts. in financial markets, which include bailing out ailing banks either by buying low rated assets or buying stakes in banks.
Major markets behavior on Monday, 13-10-2008.
Asian Market :
Hong Kong Hang Sang Index soared by 10.2%
India BSE Sensex soared by 7.6%
Australia Benchmark S&P/ASX soared by 5.6%
Singapore Strats Time Index soared by 6.6%
China Shanghai main Index rose by around 4%
Korea KOSPI index rose by around 4%
European Market :
Britain's FTSE 100 jumped by 8.26%
Germany DAX jumped by 11.40%
France CAC 40 jumped by 11.18%
Switzerland SWX jumped by 11.39%
US :
Dow Jones and S&P 500 index both are up by app. 6%.
Thanks&Regards,
Mohit
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