New York - Wall Street delivered one its largest gains ever on Monday as a series of financial rescue plans around the world and efforts to boost liquidity heartened investors.
Stocks were up more than 11 per cent on the major US indices.
In its largest-ever point gain, the blue-chip Dow Jones Industrial Average surged 936.42 points, or 11.08 per cent, to 9,387.61.
Wellington - The New Zealand stock market - the first to open every day - jumped more than 6 per cent in the first hour of trading Tuesday after a spectacular recovery on Wall Street.
The benchmark NZX 50 index, which fell just under 1 per cent on Monday after slumping 4.7 per cent on Friday, rose 189 points to 2,971 in early dealing.
Analysts said that bargain-hunting investors had taken a lead from Wall Street, which posted its biggest-ever one-day gains.
Wellington - The New Zealand stock market - the first to open every day - jumped more than 6 per cent in the first hour of trading Tuesday after a spectacular recovery on Wall Street.
The benchmark NZX 50 index, which fell just under 1 per cent on Monday after slumping 4.7 per cent on Friday, rose 189 points to 2,971 in early dealing.
Analysts said that bargain-hunting investors had taken a lead from Wall Street, which posted its biggest-ever one-day gains.
Mumbai/ New Delhi, Oct 13 : The Bombay Stock Exchange (BSE) Sensex extended its gains to seven percent on Monday afternoon, boosted by the Finance Minister P. Chidambaram saying that the government was working on more measures to improve liquidity.
The rise, which is set to end a five-day losing streak, was underpinned by gains elsewhere in Asia after policymakers and regulators around the world took a slew of measures to shore up the battered financial system.