Stock Markets

Shanghai shares rebound by 3.65 per cent

ChinaBeijing - China's main stock market index rebounded with a rise of 3.65 per cent on Monday following its worst-ever week.

The key Shanghai Composite Index, which tracks shares traded in local and foreign currencies, gained 73 points to finish at 2,073.57 after an initial slump of 3.44 per cent in morning trading.

French shares surge on euro-zone bank rescue plan

French shares surge on euro-zone bank rescue planParis - With investors apparently encouraged by the wide-ranging bank rescue plan announced by euro-zone leaders late Sunday, French shares rebounded strongly in early-Monday trading.

One hour after trading began, the CAC 40 index was up a healthy 6.78 per cent, to 3,391.82, with all 40 listed stocks gaining ground.

The surge was led by steel giant ArcelorMittal, which was up 13.14 per cent, to 24.79 euros.

Shares gain 3.8 per cent in Seoul

Shares gain 3.8 per cent in SeoulSeoul - Shares were sharply up Mo

Hong Kong shares surge 10 per cent on bank bail-out news

Hong Kong shares surge 10 per cent on bank bail-out newsHong Kong - Hong Kong shares surged by more than 10 per cent Monday as bank bail-out packages in Britain and Europe brought buyers rushing back into global markets.

The Hang Seng Index shot up by 1,515.29 points, or 10.24 per cent, to close the day at 16,312.16 points. Turnover as 72.58 billion Hong Kong dollars (9.35 billion US dollars).

The rebound came after Hong Kong shares plunged by more than 7 per cent Friday, dipping below the 15,000-point mark for the first time in three years.

Indian markets up 6 per cent as government assures investors

Indian markets up 6 per cent as government assures investorsNew Delhi - Indian equities gained 6 per cent and were trading strong Monday as Finance Minister P Chidambaram insisted fundamentals of the Indian economy were strong.

"This is a time of uncertainty. Yet in a time of uncertainty, some facts cannot and ought not to be ignored," Chidambaram told a press conference, where he noted the Indian economy continued to grow at a satisfactory pace.

German shares surge at Frankfurt opening

German shares surge at Frankfurt openingFrankfurt - German shares surged as trading began Monday in a positive market response to the massive bail-out measures agreed at the weekend by European leaders.

The DAX-30 index jumped almost 5.4 per cent in the opening minutes to 4,788.74 points. The MDAX of medium-sized companies gained 8.46 per cent to 5,776.17 points, and the TecDAX list of technology shares gained 8.75 per cent to 561.95 points in the opening minutes.

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